Monetary Policy in a Pessimistic Economy Produces a Long Stagnation with Low Interest Rates

• Material Type: 文書・図像類
• Title: Monetary Policy in a Pessimistic Economy Produces a Long Stagnation with Low Interest Rates
• Author/Editor: Dohtani, Akitaka; Matsuyama, Jun
• Author Heading: Dohtani, Akitaka; Matsuyama, Jun
• Publication, Distribution, etc.: Faculty of economics, university of toyama
• Publication Date: 2019-05
• Publication Date (W3CDTF): 2019-05
• Periodical title: Working Paper, No.323, 2019.05, Faculty of economics, university of toyama
• No. or year of volume/issue: 323
• Volume: 323
• Pages: 1-19
• Text Language Code: eng
• Subject Heading: Failure of Monetary Policy; IS-LM and IS-MP Models; Stable Equilibrium; Pessimisms; Long Stagnation with Low Interest Rates; Self-Fulfilling Prophesy
• Target Audience: 一般
• Note (General): Working Paper; Working Paper, No.323, 2019.05, Faculty of economics, university of toyama
• DOI: 10.15099/00020234
• Access Restrictions: 限定公開
• Related Material: Working Paper / No.323
• Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• Original Data Provider (Database): 富山大学 : 富山大学学術情報リポジトリ

• Summary, etc.: We provide a new, simple mechanism for why a monetary policy fails and, consequently, produce a long stagnation accompanied by low interest rates. The...