The Liquidity Trap and Price-Level Targeting
| Year of publication: |
2004
|
|---|---|
| Authors: | Lilico, Andrew |
| Publisher: |
[S.l.] : SSRN |
| Subject: | Liquiditätspräferenz | Liquidity preference | Inflationssteuerung | Inflation targeting | Theorie | Theory | Geldpolitik | Monetary policy | Preisniveau | Price level |
| Description of contents: |
This paper discusses the liquidity trap and why Keynesian fiscal expansion is not the way out. Inflation-targeting is argued to make things worse, but price-level targeting evades the trap altogether
|
| Extent: | 1 Online-Ressource (6 p) |
|---|---|
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | In: Economic Affairs, Vol. 22, pp. 47-52, 2002 |
| Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014115322