Eliminating a deflationary trap through superinertial interest rate rules

Tomohiro Sugo, Kozo Ueda

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.

Original languageEnglish
Pages (from-to)119-122
Number of pages4
JournalEconomics Letters
Volume100
Issue number1
DOIs
Publication statusPublished - 2008 Jul
Externally publishedYes

Fingerprint

Zero lower bound
Nominal interest rate
Central bank
Trap
Interest rate rules

Keywords

  • Deflationary trap
  • Superinertia
  • Taylor principle

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

Cite this

Eliminating a deflationary trap through superinertial interest rate rules. / Sugo, Tomohiro; Ueda, Kozo.

In: Economics Letters, Vol. 100, No. 1, 07.2008, p. 119-122.

Research output: Contribution to journalArticle

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