Eliminating a deflationary trap through superinertial interest rate rules

This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.

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Year of publication:	2008
Authors:	Sugo, Tomohiro ; Ueda, Kozo
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 100.2008, 1, p. 119-122
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005159243