Inflation Targeting and the Liquidity Trap

Bennett T. McCallum

56 citations0/0 files storedNational Bureau of Economic Research

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

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References

1993Discretion versus policy rules in practice 1999The Science of Monetary Policy: A New Keynesian Perspective 1997Foundations of International Macroeconomics 1975"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy 1998It's Baaack: Japan's Slump and the Return of the Liquidity Trap 1999Monetary Theory and Policy 1971The Optimum Quantity of Money: and Other Essays

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2004Are Non-Fundamental Equilibria Learnable in Models of Monetary Policy?2004Using a Long-Term Interest Rate as the Monetary Policy Instrument 2014Liquidity traps and expectation dynamics: Fiscal stimulus or fiscal austerity?2005Using a long-term interest rate as the monetary policy instrument 2003Deflation: Prevention and Cure 2004The Role of Policy Rules in Inflation Targeting

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