クルーグマン経済学の翻訳ブログ Summers the Shiftless/September 3, 2013, 12:03 pm

Summers the Shiftless シフトなきサマーズ A few months ago Christy Romer gave an excellent talk on the prospects for monetary policy in a liquidity trap, titled It Takes A Regime Shift (pdf). As many of us have noted, the central bank has very little direct traction when safe short-term rates are at the zero lower bound; maybe it can achieve something by buying lots of unconventional assets (“quantitative e

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