THE GLOBAL LIQUIDITY TRAP

被引：1
|
作者：
Jeanne, Olivier [1 ,2 ]
机构：
[1] Univ Johns Hopkins, NBER, CEPR, Baltimore, MD USA
[2] Peterson Inst Int Econ, Washington, DC USA
来源：
REVUE ECONOMIQUE | 2010年 / 61卷 / 03期
关键词：
D O I：
10.3917/reco.613.0395
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
One may wonder about the risk that a large fraction of the global economy fall in a Japanese-style liquidity trap with low growth, mild deflation and monetary policy rates close to zero. This would put the world economy in a "global liquidity trap", a situation that has not been analyzed in the recent literature. This article, after reviewing some lessons of the Japanese experience, summarizes the main results of a two-country model of the global liquidity trap, and its implications for macroeconomic policy-making.
引用
收藏
页码：395 / 406
页数：12
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