Philip Coyle

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW

Washington, DC 20551

United States

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Optimal Inflation Target with Expectations-Driven Liquidity Traps

FEDS Working Paper No. 2019-036
Number of pages: 31 Posted: 25 Jul 2019 Last Revised: 21 Oct 2019
Taisuke Nakata and Philip Coyle
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
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Abstract:

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Liquidity Traps, Optimal Inflation Target, Sunspot Shock, Zero Lower Bound