Skott, Peter; Nakatani, Takeshi - Department of Economics, University of Massachusetts-Amherst - 2006
combination produces a structural liquidity trap and threatens the sustainability of at- tempts to ensure near full employment … combination
produces a structural liquidity trap and threatens the sustainability of at-
tempts to ensure near full employment …, stagnation, liquidity trap, public debt,
multiple equilibria
Early versions of this paper have been presented at the Eastern …