Bullard, James Brian (contributor); Cho, In-Koo (contributor) - 2003 - [Elektronische Ressource], rev
-equilibrium outcome. This escape outcome has
some of the “liquidity trap” characteristics present in Japanese data from
the 1990s, which … targeted equilibrium toward the
liquidity trap outcome. As we will discuss in detail in the main text of the
4
We could also …?”
ESCAPIST POLICY RULES 5
nominal interest rates helps explain liquidity trap outcomes through the
creation of a low inflation …