Ways Out of Liquidity Trap and Deflation
This paper addresses the issue of liquidity trap. The term is adopted from J. Keynes to define an economy in the state of zero bound interest rate and imminent deflation. The discussion is based on findings from P. Krugman’s theoretical model of an endowment economy (1998). Critical analysis is app...
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| Format: | Article |
| Language: | English |
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Lodz University Press
2014-11-01
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| Series: | Acta Universitatis Lodziensis. Folia Oeconomica |
| Online Access: | https://czasopisma.uni.lodz.pl/foe/article/view/249 |