Monetary policy after bubbles burst: The zero lower bound, the liquidity trap and the credit deadlock

Canadian Public Policy

Volumn 30, Issue 3, 2004, Pages 333-340

  Laidler, David ^a,b  

^a UNIVERSITY OF WESTERN ONTARIO   (Canada)

^b CD Howe Institute   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

CREDIT PROVISION; EXPENDITURE; FINANCIAL CRISIS; INTEREST RATE; MONETARY POLICY;

EID: 11144254560     PISSN: 03170861     EISSN: None     Source Type: Journal    
DOI: 10.2307/3552306     Document Type: Article

References (14)

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3. Currie, L. 1934a. "The Failure of Monetary Policy to Prevent the Depression of 1929-32," Journal of Political Economy 42 (April): 145-77.
4. Currie, L. 1934b. The Supply and Control of Money in the United States. Cambridge MA: Harvard University Press.
5. Friedman, M. and A.J. Schwartz. 1963. A Monetary History of the United States 1867-1960. Princeton, NJ: Princeton University Press for the NBER.
6. Hawtrey, R.G. 1931. Trade Depression and the Way Out. London, New York, Toronto: Longmans, Green & Co.
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8. Keynes, J.M. 1936. The General Theory of Employment, Interest and Money. London: Macmillan.
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11. Meltzer, A.H. 2003. A History of the Federal Reserve, Volume 1. Chicago: University of Chicago Press.
12. Sumner, S. 2002. "Some Observations on the Return of the Liquidity Trap," Cato Journal 21(3):481-90.
13. Svensson, L.E.O. 2003. "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others," Journal of Economic Perspectives 17(Fall): 145-66.
14. Woodford, M. 2003. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton and Oxford: Princeton University Press.