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Global liquidity trap

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Date

2013

Authors

Fujiwara, Ippei
Nakajima, Tomoyuki
Sudo, Nao
Teranishi, Yuki

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

Abstract

How should monetary policy respond to a "global liquidity trap," where the two countries may fall into a liquidity trap simultaneously? Using a two-country New Open Economy Macroeconomics model, we first characterize optimal monetary policy, and show that

Description

Keywords

Citation

URI

http://hdl.handle.net/1885/75649

Collections

Open Access Research

Source

Journal of Monetary Economics

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1016/j.jmoneco.2013.08.004

Restricted until

2037-12-31

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01_Fujiwara_Global_liquidity_trap_2013.pdf (399.97 KB)

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