NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap

Bennett T. McCallum

Chapter in NBER book Monetary Policy with Very Low Inflation in the Pacific Rim, NBER-EASE, Volume 15 (2006), Takatoshi Ito and Andrew K. Rose, editors (p. 9 - 42)
Conference held June 25-27, 2004
Published in September 2006 by University of Chicago Press
© 2006 by the National Bureau of Economic Research
in NBER Book Series East Asia Seminar on Economics

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This chapter first appeared as NBER working paper w11056, A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap, Bennett T. McCallum
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