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  Devaluation as an Unconventional Monetary Policy Tool
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Ophav

 Ophav:
Jensen, Jesper1, Forfatter
Bergman, Michael2, Vejleder
Tilknytninger:
1Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7001              
2Økonomisk Institut, Det Samfundsvidenskabelige Fakultet, Københavns Universitet, København, Danmark, diskurs:7014              
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Indhold

Ukontrollerede emneord: Liquidity trap
 Abstract: In this thesis I revisit one specific unconventional policy tool proposed by Lars Svensson in a paper from 2001. In this paper a foolproof way is proposed to get an economy out of the liquidity trap. The strategy is made up by two key elements. The central bank must introduce a price-level target path corresponding with a small positive long-run inflation rate and jump start the economy by devaluating the currency. The strategy hinges on a number of transmission mechanisms present in the theoretical model which Svensson uses to present his argument.
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Filer

Navn:
Thesis(5).pdf (Hovedtekst)
Bemærkninger:
-
Tilgængelighed:
Offentlig
Mime-type / størrelse:
application/pdf / 790KB
Copyright dato:
2013-11-08
Copyright information:
De fulde rettigheder til dette materiale tilhører forfatteren.
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Basal

Bogmærk denne post: https://diskurs.kb.dk/item/diskurs:59092:1
 Type: Speciale
Alternativ titel: An examination of the exchange rate channel
Alternativ titel: Devaluation as an Unconventional Monetary Policy Tool
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Detaljer

Sprog: English - eng
 Datoer: 2013-08-21
 Sider: -
 Publiceringsinfo: København : Københavns Universitet
 Indholdsfortegnelse: -
 Note: -
 Type: Speciale
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