Open AccessCredible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank
Author(s) -
Olivier Jeanne,
Lars E. O. Svensson
Publication year - 2004
Language(s) - English
Resource type - Reports
DOI - 10.3386/w10679
Subject(s) - balance sheet , market liquidity , liquidity trap , monetary economics , trap (plumbing) , central bank , business , financial system , balance (ability) , off balance sheet , economics , finance , liquidity risk , monetary policy , environmental science , biology , neuroscience , environmental engineering