Exchange rate regimes in a liquidity trap
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DOI: 10.1016/j.jimonfin.2018.12.014
Abstract: Abstract Using several specifications of a two-sector two-country DSGE model, this paper studies the performance of alternative exchange rate regimes in a liquidity trap caused by a large deflationary shock that pushes the nominal interest… read more here.
Keywords: regimes liquidity; liquidity trap; rate; exchange rate ... See more keywords