抄録
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.
本文言語 | English |
---|---|
ページ(範囲) | 119-122 |
ページ数 | 4 |
ジャーナル | Economics Letters |
巻 | 100 |
号 | 1 |
DOI | |
出版ステータス | Published - 2008 7 1 |
外部発表 | はい |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics