Saturday, October 21, 2017

Link

Updated ink to post on liquidity trap

4 comments:

QP said...

"For a long time, the macro-economy was managed by changing interest rates. So it is quite a shock for policy makers to experience a situation where their main policy tool was no longer sufficient."

I would argue that their main policy tool never worked in the first place!

Unknown said...

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Unknown said...

It's very helpful now it's clear to me 😊😊😊

Unknown said...

It's very helpful but I hv confusion about the explanation of relationship between rate of interest and liquidity trap