Thinking About the Liquidity Trap
Thinking About the Liquidity Trap
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关于流动性陷阱的思考
DOI：
10.1006/jjie.2000.0458
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发表时间：
2000
影响因子：
2.9
通讯作者：
P. Krugman
中科院分区：
文献类型：
--
作者：
P. Krugman
随着日本经济的持续低迷，流动性陷阱现象——即即使零利率也不足以产生充分就业的情况——具有了新的重要性。本文重申了最近关于流动性陷阱的理论工作，在主要关注展示潜在逻辑的“跨期”模型与直接影响政策的更多特设模型之间建立了联系；然后，它重新审视政策选择，包括财政刺激和通胀目标。日本j。Int。经济学。， 2000年12月，14(4)，221-237页。普林斯顿大学伍德罗·威尔逊学院，新泽西州普林斯顿08544-1013版权所有2000学术出版社。经济文献分类号：E52、E58、E31、F31。
Abstract The phenomenon of the liquidity trap—defined as a situation in which even a zero interest rate is insufficiently low to produce full employment—has taken on new importance with the persistent slump in Japan. This paper restates recent theoretical work on liquidity traps, drawing a link between “intertemporal” models that are mainly concerned with demonstrating the underlying logic, and more ad hoc models that bear directly on policy; it then reexamines policy alternatives, including fiscal stimulus and inflation targeting. J. Japan. Int. Econ. , December 2000, 14 (4), pp. 221–237. Woodrow Wilson School, Princeton University, Princeton, New Jersey 08544-1013 Copyright 2000 Academic Press. Journal of Economic Literature Classification Numbers: E52, E58, E31, F31.