Negative interest rate policy in a permanent liquidity trap
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More about this item
Keywords
aggregate demand; liquidity trap; negative nominal interest rate; unemployment;All these keywords.
JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2019-05-13 (Central Banking)
- NEP-DGE-2019-05-13 (Dynamic General Equilibrium)
- NEP-MAC-2019-05-13 (Macroeconomics)
- NEP-MON-2019-05-13 (Monetary Economics)
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