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THE FOREIGN EXCHANGE ORIGINS OF JAPAN’S LIQUIDITY TRAP
FOREIGN EXCHANGE JAPAN LIQUIDITY TRAP
2008/11/12
Among industrial countries with floating exchange rate regimes,
national monetary policies are usually presumed to be independently
determined while exchange rates “adjust.”1 Because asset prices ad...
SOME OBSERVATIONS ON THE RETURN OF THE LIQUIDITY TRAP
liquidity trap macroeconomic monetary policy
2008/11/10
By the mid-1990s, most macroeconomists had probably assumed that
the concept of a “liquidity trap” was safely dead and buried. Many of
the newer intermediate macro texts failed to even mention the t...