Understanding Zero Interest Rate Policy, Deflation and Liquidity Trap

I have written a paper trying to explain these exotic topics. It is also a short literature survey on the issues.

Let me know your comments.

3 Responses to “Understanding Zero Interest Rate Policy, Deflation and Liquidity Trap”

  1. Meghna Says:

    Hey Amol,
    Great work!!
    Simple and comprehensive with salutary data presentation..
    I visit mostlyeconomics daily, keep up the good work!!!

  2. Tirath Muchhala Says:

    Hey Amol,
    Fantastic site – I discovered it yesterday
    I believe you work too hard
    You missed the ‘c’ in Policy
    Keep up the great work!!

  3. Adam Smith Says:

    A Specific Application of Employment, Interest and Money

    Plea for an Adventure in a New World Economic Order

    Adam Smith, Karl Marx, John Maynard Keynes and Alan Greenspan: a Unified Perspective


    This tract makes a critical analysis of credit based, free market economy, Capitalism, and proves that its dysfunctions are the result of the existence of credit.

    It shows that income / wealth disparity, cause and consequence of credit, is the first order hidden variable, possibly the only one, of economic development.

    It solves most of the puzzles of macro economy: among which Business Cycles, Stagflation, Greenspan Conundrum and Keynes’ Liquidity Trap…

    It shows that Adam Smith, John Maynard Keynes, Karl Marx and Alan Greenspan don’t contradict each other but that they each bring a meaningful contribution to a same framework for understanding macro economy.

    It proposes a credit free, free market economy as a solution that would correct all of those dysfunctions.

    In This Age of Turbulence People Want an Exit Strategy out of Credit, an Adventure in a New World Economic Order.

    Read It.

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