Stagnation Traps
Stagnation Traps
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Publisher
Oxford: Oxford University Press
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Language
English
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Publisher
Oxford: Oxford University Press
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Scope and Contents
Contents
We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by high unemployment and weak growth. We refer to these episodes as stagnation traps, because they consist in the joint occurrence of a liquidity and a growth trap. In a stagnation trap, the central bank is una...
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Full title
Stagnation Traps
Authors, Artists and Contributors
Author / Creator
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Record Identifier
TN_cdi_csuc_recercat_oai_recercat_cat_2072_356476
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_csuc_recercat_oai_recercat_cat_2072_356476
Other Identifiers
ISSN
0034-6527
E-ISSN
1467-937X
DOI
10.1093/restud/rdx063
