Leigh, Daniel (contributor) - 2004 - [Elektronische Ressource]
liquidity trap by studying the experience of Japan. First, I analyze how
the Bank of Japan conducted interest rate policy over … mistake. Next, I investigate whether
an alternative monetary policy rule could have avoided the liquidity trap
despite these … bound.
Key Words: Deflation, Kalman filter, liquidity trap, Taylor rule.
JEL Classification: C22, E31, E52
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I am grateful …