16/03/09 14:43:35.75 MozXXedO.net
>>475の続き
The approach also suggested that monetary policy would be effective if it
had the right kind of credibility - that if the central bank could “credibly
promise to be irresponsible,” it could gain traction even in a liquidity trap.
But what is this future period of Wicksellian normality of which we speak?
Japan has awesomely unfavorable demographics:
（図表は省略）