Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10478119 | Journal of the Japanese and International Economies | 2005 | 8 Pages |
Abstract
In this paper, I modify the Krugman's model to a three-period model and show that temporary deflation and recession may be aggravated if fiscal policies remain unchanged at the same time as the central bank commits itself to a long-term inflation target. J. Japanese Int. Economies19 (3) (2005) 386-393.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Keiichiro Kobayashi,