EconPapers    
Economics at your fingertips  
 

Krugman on the liquidity trap: why inflation won't bring recovery in Japan

Jan Kregel

Economia, 2000, vol. 1, issue 1, 39-58

Abstract: Mainstream authors rediscovered Keynes' liquidity trap as an axplanation of the deflationary slump that has plagued the Japanese economy in the 1990s. However, they give analytical support to the concept in terms of the quantity theory and time preference, theories that Keynes rejected. This paper attempts a rigorous formulation of the liquidity trap, shows how it differs from the recent mainstrean reconstruction by Paul Krugman and draws the consequences of this difference for policy prescriptions for the Japanese economy.

Keywords: Liquidity Preference; Liquidity Trap; Interest Rates; Bond Prices; Japanese Economy (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Krugman on the Liquidity Trap: Why Inflation Won't Bring Recovery In Japan (2000) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:anp:econom:v:1:y:2000:i:1:p:39-58

Ordering information: This journal article can be ordered from
Secretaria da ANPEC Rua Prof Marcos Valdemar de Freitas Reis s/n Campus do Campus do Gragoatá, Bloco F Niterói, RJ 24210-201 Brazil
http://www.anpec.org.br/revista/

Access Statistics for this article

Economia is currently edited by Joaquim Pinto de Andrade

More articles in Economia from ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics] Secretaria da ANPEC Rua Prof Marcos Valdemar de Freitas Reis s/n Campus do Campus do Gragoatá, Bloco F Niterói, RJ 24210-201 Brazil. Contact information at EDIRC.
Bibliographic data for series maintained by Rodrigo Zadra Armond ().

 
Page updated 2025-03-19
Handle: RePEc:anp:econom:v:1:y:2000:i:1:p:39-58