Eliminating a deflationary trap through superinertial interest rate rules

Tomohiro Sugo; Kozo Ueda

doi:10.1016/j.econlet.2007.12.006

Eliminating a deflationary trap through superinertial interest rate rules

Tomohiro Sugo^*, Kozo Ueda

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

Abstract

This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.

Original language	English
Pages (from-to)	119-122
Number of pages	4
Journal	Economics Letters
Volume	100
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2007.12.006
Publication status	Published - 2008 Jul 1
Externally published	Yes

Keywords

Deflationary trap
Superinertia
Taylor principle

ASJC Scopus subject areas

Finance
Economics and Econometrics

Access to Document

10.1016/j.econlet.2007.12.006

Cite this

@article{5215a9309a4b46aebf1257a587119d42,

title = "Eliminating a deflationary trap through superinertial interest rate rules",

abstract = "This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.",

keywords = "Deflationary trap, Superinertia, Taylor principle",

author = "Tomohiro Sugo and Kozo Ueda",

year = "2008",

month = jul,

day = "1",

doi = "10.1016/j.econlet.2007.12.006",

language = "English",

volume = "100",

pages = "119--122",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier",

number = "1",

}

TY - JOUR

T1 - Eliminating a deflationary trap through superinertial interest rate rules

AU - Sugo, Tomohiro

AU - Ueda, Kozo

PY - 2008/7/1

Y1 - 2008/7/1

N2 - This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.

AB - This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.

KW - Deflationary trap

KW - Superinertia

KW - Taylor principle

UR - http://www.scopus.com/inward/record.url?scp=43949105849&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=43949105849&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2007.12.006

DO - 10.1016/j.econlet.2007.12.006

M3 - Article

AN - SCOPUS:43949105849

SN - 0165-1765

VL - 100

SP - 119

EP - 122

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Eliminating a deflationary trap through superinertial interest rate rules

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this