Alstadheim, Ragna; Henderson, Dale W. - 2004
Board of Governors of the Federal Reserve System
International Finance Discussion Papers
Number 795
April 2004
PRICE-LEVEL ….federalreserve.gov/pubs/ifdp.
PRICE-LEVEL DETERMINACY, LOWER BOUNDS ON THE
NOMINAL INTEREST RATE, AND LIQUIDITY TRAPS
Ragna Alstadheim and Dale W …, possibly, balanced
budgets.
Keywords: price-level indeterminacy, multiple equilibria, zero bound, liquidity trap, monetary …