Bullard, James Brian (contributor); Cho, In-Koo (contributor) - 2003
inflation. Thus we generate
events that have some of the properties of “liquidity traps” observed in the data, even though
the … probably do quite well with respect to minimizing fluctuations
in inflation and real output.
In this paper we explore the … nominal interest rates have been associated with low inflation rates.
Consumer prices were rising at a rate of 3 to 4 percent …