Open AccessMonetary Policy in Deflation: The Liquidity Trap in History and Practice
Author(s) -
Athanasios Orphanides
Publication year - 2003
Publication title -
finance and economics discussion series
Language(s) - English
Resource type - Journals
eISSN - 2767-3898
pISSN - 1936-2854
DOI - 10.17016/feds.2004.01
Subject(s) - liquidity trap , deflation , monetary policy , economics , interest rate , nominal interest rate , monetary economics , great depression , market liquidity , zero lower bound , keynesian economics , macroeconomics , real interest rate , liquidity risk , political science , law