A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap

Bennett T. McCallum
Published Date
Copyright 2006
ISBN 0-226-37897-7
Monetary Policy with Very Low Inflation in the Pacific Rim
Book: Monetary Policy with Very Low Inflation in the Pacific Rim
Book editors: Takatoshi Ito & Andrew K. Rose
PUBLISHER: University of Chicago Press
Series: East Asia Seminar on Economics
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Macroeconomics
Monetary Policy
Business Cycles
International Economics
International Macroeconomics

Published From Paper

A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap
- Working Paper
Author(s): Bennett T. McCallum
In analyses of "liquidity trap" problems associated with the zero lower bound (ZLB) on nominal interest rates, it is...

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