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Browsing ADEMU Working Papers Series by Subject "Liquidity traps"

Browsing ADEMU Working Papers Series by Subject "Liquidity traps"

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  • Fornaro, Luca; Romei, Federica (2018-04)
    This paper describes a paradox of global thrift. Consider a world in which interest rates are low and monetary policy cannot stabilize the economy because it is frequently constrained by the zero lower bound. Now imagine ...

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