منابع مشابه
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Once the zero bound on nominal interest rates is taken into account, Taylor-type interest-rate feedback rules give rise to unintended self-fulfilling decelerating inflation paths and aggregate fluctuations driven by arbitrary revisions in expectations. These undesirable equilibria exhibit the essential features of liquidity traps, as monetary policy is ineffective in bringing about the governme...
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ژورنال
عنوان ژورنال: Annals of Emergency Medicine
سال: 2020
ISSN: 0196-0644
DOI: 10.1016/j.annemergmed.2020.05.002