Open AccessThe Combination of US Economy Policies under the Liquidity Trap Crisis
Author(s) -
Ganyin Cai
Publication year - 2021
Publication title -
bcp business and management
Language(s) - English
Resource type - Journals
ISSN - 2692-6156
DOI - 10.54691/bcpbm.v13i.65
Subject(s) - trap (plumbing) , liquidity trap , argumentation theory , market liquidity , multinational corporation , economics , fiscal policy , monetary policy , business , liquidity crisis , monetary economics , international economics , finance , epistemology , environmental engineering , engineering , philosophy
This paper examines what policy combinations the US economy should adopt to escape a possible liquidity trap under the impact of the COVID-19. We used the method of argumentation and drew on the previous related theories for comprehensive analysis, including fiscal policy, unconventional open market operations, expectations management and multinational policy coordination, to produce policy recommendations.