Sandilands, Roger J. - 2009
Keynesian “Liquidity
Trap”? Lessons for Japan from the Great Depression
BY
Professor Roger Sandilands
NO. 09 … contrast to the Keynesian “liquidity trap” view that it is
powerless This lesson was not learned by the Japanese authorities ….
Keywords: Great Depression; Japan’s Great Stagnation; Hawtreyan Credit deadlock;
Keynesian Liquidity trap.
JEL …