| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061933 | Economics Letters | 2008 | 4 Pages |
Abstract
This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Tomohiro Sugo, Kozo Ueda,