Global Imbalances and Policy Wars at the Zero Lower Bound
<jats:title>Abstract</jats:title> <jats:p>This article explores the consequences of extremely low real interest rates in a world with integrated but heterogeneous capital markets, nominal rigidities, and an effective lower bound [a zero lower bound (ZLB) for simplicity]. We establi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press (OUP),
2022-08-26T12:01:59Z.
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| Subjects: | |
| Online Access: | Get fulltext |