by Summary:
On Fazit, Gerald Braunberger reviews the concept of “liquidity trap.” Keynes never used the term but Robertson did. Hicks introduced the common notion (represented, e.g., by a flat LM curve). Krugman talks about a different trap. So does Blanchard and he (incorrectly) attributes it to Keynes. So does Sinn.
Topics:
Dirk Niepelt considers the following as important: Dennis Robertson, Hans Werner Sinn, John Hicks, John Maynard Keynes, Liquidity trap, Notes, Olivier Blanchard, Paul Krugman
This could be interesting, too:
On Fazit, Gerald Braunberger reviews the concept of “liquidity trap.” Keynes never used the term but Robertson did. Hicks introduced the common notion (represented, e.g., by a flat LM curve). Krugman talks about a different trap. So does Blanchard and he (incorrectly) attributes it to Keynes. So does Sinn.
Topics:
Dirk Niepelt considers the following as important: Dennis Robertson, Hans Werner Sinn, John Hicks, John Maynard Keynes, Liquidity trap, Notes, Olivier Blanchard, Paul Krugman
This could be interesting, too:
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On Fazit, Gerald Braunberger reviews the concept of “liquidity trap.”
- Keynes never used the term but Robertson did.
- Hicks introduced the common notion (represented, e.g., by a flat LM curve).
- Krugman talks about a different trap. So does Blanchard and he (incorrectly) attributes it to Keynes. So does Sinn.