Sandilands, Roger J. - 2009
Keynesian “Liquidity
Trap”? Lessons for Japan from the Great Depression
BY
Professor Roger Sandilands
NO. 09 … Trap”? Lessons for Japan from the
Great Depression
by Roger Sandilands*
* Department of Economics, University of … neutralised throughout the 1990s by unhelpfully tight monetary policy
with the Bank of Japan refusing to monetise the deficits …