Deflation
Current and Historical Perspectives
This book was originally published in 2004. Fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major European area economies, especially Germany, and emerged as a concern of the US Federal Reserve in 2003. Deflation may be worse than inflation not only because the real burden of debt rises but also because firms would confront rising real wages in a world where nominal wage rigidity prevails. This volume explores some key themes regarding deflation i…
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Produktdetails
- ISBN: 978-0-511-22767-7
- EAN: 9780511227677
- Produktnummer: 13841103
- Verlag: Cambridge University Press
- Sprache: Englisch
- Erscheinungsjahr: 2004
- Seitenangabe: 0 S.
- Plattform: PDF
- Masse: 3'757 KB
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