Svensson, Lars E.O. - Griswold Center for Economic Policy Studies, Department … - 2002
from a liquidity trap. An open economy can use the foolproof way of escaping from a liquidity trap, with a price level … the price-level target has been reached. This applies, in particular, to Japan, where not following the foolproof way … economy can use the foolproof way of escaping from a liquidity trap,
with a price level target, a currency depreciation and a …