Inflation targeting and the liquidity trap

dc.contributor.authorMcCallum, Bennett T.
dc.date.accessioned2019-11-01T00:01:20Z
dc.date.available2019-11-01T00:01:20Z
dc.date.issued2002
dc.descriptionThis paper considers whether issues regarding liquidity trap or zero lower bound phenomena substantially affect the case for inflation targeting, in comparison with other possible strategies for conducting monetary policy. It examines both theoretical and empirical issues and, in the latter case, emphasizes the importance of an economy's openness to foreign trade in goods and securities.
dc.file.nameBCCh-sbc-v05-p395_438
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 395-437
dc.identifier.isbn956-7421-102
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3672
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 5
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectINFLACIÓNes_ES
dc.subjectLIQUIDEZ (ECONOMÍA)es_ES
dc.subjectPOLÍTICA MONETARIAes_ES
dc.titleInflation targeting and the liquidity trap
dc.type.docArtículo

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