Showing 1 - 10 of 25
Persistent link: https://www.econbiz.de/10011521003
Keynes emphasized a specific situation in which the liquidity preference becomes absolute, leading to monetary policy ineffectiveness when nominal interest approaches the zero-bound rate. This situation was termed a liquidity trap (LT) by Robertson and was popularized by the Hicks- Hansen...
Persistent link: https://www.econbiz.de/10012177015
Keynes has emphasized a particular situation in which the liquidity preference becomes absolute, leading to monetary policy ineffectiveness: the near zero nominal rate of interest does not allow negative values of the real interest rate. This situation is termed liquidity trap (LT) and although...
Persistent link: https://www.econbiz.de/10011213776
Persistent link: https://www.econbiz.de/10008697615
Persistent link: https://www.econbiz.de/10009532077
Persistent link: https://www.econbiz.de/10009705461
Persistent link: https://www.econbiz.de/10009759978
Persistent link: https://www.econbiz.de/10010232683
Persistent link: https://www.econbiz.de/10010387248
Persistent link: https://www.econbiz.de/10011472358