Monetary and fiscal policy to escape from a deflationary trap / Yasushi Iwamoto.
This paper provides a theoretical overview of monetary and fiscal policy with the potential to engineer an exit from a deflationary trap, defined here as sustained deflation in the presence of zero interest rates. It is found that the required policy steps are an interest rate hike, a commitment to...
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| Online Access: |
Click here to view publication online at the BOJ website |
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| Format: | Book |
| Language: | English |
| Published: |
Tokyo :
Institute for Monetary and Economic Studies, Bank of Japan,
[2004]
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| Series: | IMES discussion paper series ;
no. 2004-E-21. |
| Subjects: |
Internet
Click here to view publication online at the BOJ websiteNorlin Library - Basement - Government Information - Foreign
| Call Number: |
674-B22M 5:2004-E-21
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| 674-B22M 5:2004-E-21 | Available Place a Hold |