Strachan, Rodney W. (contributor); … - 2007
and Risk of a Liquidity Trap in the
USA, UK and Japan.
Rodney W. Strachan1
Herman K. van Dijk2
1School of Economics … function in a
(monetary) equation and stochastic volatility in the disturbances. The risk
of a liquidity trap in the USA, UK … USA, UK and Japan is evaluated and the
expected cost of a policy adjustment of central banks.
The idea underlying Bayesian …