Krugman has a 1998 paper on Japan that's probably still relevant today, especially since more places are hitting zero rates: * https://www.brookings.edu/bpea-a

Krugman has a 1998 paper on Japan that's probably still relevant today, especially since more places are hitting zero rates: * https://www.brookings.edu/bpea-articles/its-baaack-japans-slump-and-the-return-of-the-liquidity-trap/ https://www.brookings.edu/bpea-articles/its-baaack-japans-sl... * https://www.princeton.edu/~pkrugman/japans_trap.pdf https://www.princeton.edu/~pkrugman/japans_trap.pdf