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The liquidity trap: an alternative explanation for today's low inflation

Maria A. Arias and Yi Wen

The Regional Economist, 2014

Abstract: In contrast with many people?s expectations, the Fed?s injection of $3.5 trillion into the economy caused no significant inflation or increases in the price level. There are many possible explanations in the mainstream; an alternative is a liquidity trap.

Date: 2014
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