Open AccessThe Case for Open-Market Purchases in a Liquidity Trap
Author(s) -
Alan J. Auerbach,
Maurice Obstfeld
Publication year - 2003
Language(s) - English
Resource type - Reports
DOI - 10.3386/w9814
Subject(s) - trap (plumbing) , market liquidity , business , liquidity trap , open market operation , monetary economics , commerce , financial system , liquidity risk , economics , environmental science , finance , monetary policy , environmental engineering