Contradictions of Employee Involvement in Organizational

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Language: English

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It acknowledges that monetary policy in industrialized developed countries is likely to be ineffective to stimulate investment and consumption in excess capacity situations during a recession, especially when nominal interest rate hit the zero bound, which imply limited profitable investment opportunities, pessimistic expectations, low confidence about the future, and the likelihood of liquidity traps. 43 By contrast, developing countries are less likely to encounter the liquidity trap.

Pages: 192

Publisher: Lexington Books (July 22, 2015)

ISBN: 1498505678

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