TY - JOUR
T1 - Global liquidity trap
AU - Fujiwara, Ippei
AU - Nakajima, Tomoyuki
AU - Sudo, Nao
AU - Teranishi, Yuki
PY - 2013
Y1 - 2013
N2 - How should monetary policy respond to a "global liquidity trap," where the two countries may fall into a liquidity trap simultaneously? Using a two-country New Open Economy Macroeconomics model, we first characterize optimal monetary policy, and show that
AB - How should monetary policy respond to a "global liquidity trap," where the two countries may fall into a liquidity trap simultaneously? Using a two-country New Open Economy Macroeconomics model, we first characterize optimal monetary policy, and show that
U2 - 10.1016/j.jmoneco.2013.08.004
DO - 10.1016/j.jmoneco.2013.08.004
M3 - Article
VL - 60
SP - 936
EP - 949
JO - Journal of Monetary Economics
JF - Journal of Monetary Economics
SN - 0304-3932
IS - 8
ER -