The role of the “liquidity trap” in Keynesian economics

D. PATINKIN

Abstract


Recent discussions in the literature have once again raised the question as to whether the “liquidity trap” plays a crucial role in Keynesian economics. This work first discusses the analytical aspects of this question. The author then examines the General Theory in order to determine Keynes’ own views on the matter.

 

JEL: E12, E31, E52, B22


Keywords


Liquidity trap. Keynesian economics, General Theory

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DOI: https://doi.org/10.13133/2037-3643/11446

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Copyright (c) 2016 D. PATINKIN

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ISSN 2037-3643


Reg. Tribunale di Roma n.377/2009 del 19/11/2009