Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
نویسندگان
چکیده
منابع مشابه
Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
I n the last decade or two, central banks all over the world have been quite successful in achieving low and stable in ation. Average annual in ation in the industrialized countries has fallen below 2 percent. Average in ation has not been so low since the 1950s, as shown in Table 1. In emerging countries, in ation is now the lowest since the 1960s (International Monetary Fund, 2003b). Thes...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2003
ISSN: 0895-3309
DOI: 10.1257/089533003772034934