Thinking about the liquidity trap

被引：76

作者：

Krugman, P ^{[1
]}

机构：

[1] Princeton Univ, Woodrow Wilson Sch, Princeton, NJ 08544 USA

来源：

JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES | 2000年 / 14卷 / 04期

关键词：

D O I：

10.1006/jjie.2000.0458

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The phenomenon of the liquidity trap-defined as a situation in which even a zero interest rate is insufficiently low to produce full employment-has taken on new importance with the persistent slump in Japan. This paper restates recent theoretical work on liquidity traps, drawing a link between "intertemporal" models that are mainly concerned with demonstrating the underlying logic, and more ad hoc models that bear directly on policy; it then reexamines policy alternatives, including fiscal stimulus and inflation targeting. (C) 2000 Academic Press Journal of Economic Literature Classification Numbers: E52, E58, E31, F31.

引用

页码：221 / 237

页数：17