Arbeitspapier
Protectionism in a liquidity trap
This paper studies the effects of protectionism as a business cycle instrument. In normal times, protectionism reduces international trade, distorts production and reduces output. However, in a liquidity trap protectionism lowers the real interest rate because inflation goes up while the nominal interest rate is stuck at the zero lower bound. This stimulates consumption and output.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 2042
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Trade Policy; International Trade Organizations
- Thema
-
Business cycle policy
Protectionism
Liquidity trap
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lechthaler, Wolfgang
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lechthaler, Wolfgang
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2016
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