Inflation targeting and the liquidity trap

This paper considers whether issues regarding liquidity trap or zero lower bound phenomena substantially affect the case for inflation targeting, in comparison with other possible strategies for conducting monetary policy. It examines both theoretical and empirical issues and, in the latter case, em...

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Autor principal:	McCallum, Bennett T.
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INFLACIÓN LIQUIDEZ (ECONOMÍA) POLÍTICA MONETARIA
Acceso en línea:	https://hdl.handle.net/20.500.12580/3672
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spelling	oai-20.500.12580-36722021-04-24T10:32:33Z Inflation targeting and the liquidity trap McCallum, Bennett T. INFLACIÓN LIQUIDEZ (ECONOMÍA) POLÍTICA MONETARIA This paper considers whether issues regarding liquidity trap or zero lower bound phenomena substantially affect the case for inflation targeting, in comparison with other possible strategies for conducting monetary policy. It examines both theoretical and empirical issues and, in the latter case, emphasizes the importance of an economy's openness to foreign trade in goods and securities. 2019-11-01T00:01:20Z 2019-11-01T00:01:20Z 2002 Artículo 956-7421-102 https://hdl.handle.net/20.500.12580/3672 eng Series on Central Banking, Analysis, and Economic Policies, no. 5 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 395-437 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	INFLACIÓN LIQUIDEZ (ECONOMÍA) POLÍTICA MONETARIA
spellingShingle	INFLACIÓN LIQUIDEZ (ECONOMÍA) POLÍTICA MONETARIA McCallum, Bennett T. Inflation targeting and the liquidity trap
description	This paper considers whether issues regarding liquidity trap or zero lower bound phenomena substantially affect the case for inflation targeting, in comparison with other possible strategies for conducting monetary policy. It examines both theoretical and empirical issues and, in the latter case, emphasizes the importance of an economy's openness to foreign trade in goods and securities.
format	Artículo
author	McCallum, Bennett T.
author_facet	McCallum, Bennett T.
author_sort	McCallum, Bennett T.
title	Inflation targeting and the liquidity trap
title_short	Inflation targeting and the liquidity trap
title_full	Inflation targeting and the liquidity trap
title_fullStr	Inflation targeting and the liquidity trap
title_full_unstemmed	Inflation targeting and the liquidity trap
title_sort	inflation targeting and the liquidity trap
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3672
work_keys_str_mv	AT mccallumbennettt inflationtargetingandtheliquiditytrap
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Inflation targeting and the liquidity trap

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