The liquidity trap: an alternative explanation for today's low inflation
Abstract: In contrast with many people?s expectations, the Fed?s injection of $3.5 trillion into the economy caused no significant inflation or increases in the price level. There are many possible explanations in the mainstream; an alternative is a liquidity trap.
File format is application/pdf
Description: Full text
Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2014-04
Order Number: 2