New paper: “The Magic of the Exchange Rate: Optimal Escape from a Liquidity Trap in Small and Large Open Economies,” Version 1.2, July 2004.

New revision: “Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank” (with Olivier Jeanne, IMF), July 2004.

New summary: “Reviews of Monetary Policy in New Zealand and Norway,” Study Center Gerzensee, Switzerland, July 2004.

• Press Release from Lars E.O. Svensson (Feb 28, 2001)
• Executive Summary of the Report
• Full report