A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
Published Date
Copyright 2006
ISBN 9780226378978
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Copy CitationBennett T. McCallum, Monetary Policy with Very Low Inflation in the Pacific Rim (University of Chicago Press, 2006), chap. 1, https://www.nber.org/books-and-chapters/monetary-policy-very-low-inflation-pacific-rim/monetary-policy-rule-automatic-prevention-liquidity-trap.
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Published From Paper
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Working Paper
In analyses of "liquidity trap" problems associated with the zero lower bound (ZLB) on nominal interest rates, it is...
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