Skip navigation
Skip navigation

Global liquidity trap

Fujiwara, Ippei; Nakajima, Tomoyuki; Sudo, Nao; Teranishi, Yuki


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

CollectionsANU Research Publications
Date published: 2013
Type: Journal article
Source: Journal of Monetary Economics
DOI: 10.1016/j.jmoneco.2013.08.004


File Description SizeFormat Image
01_Fujiwara_Global_liquidity_trap_2013.pdf399.97 kBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  17 November 2022/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator