Deflation: Current and Historical Perspectives (Studies in Macroeconomic History) -

Deflation: Current and Historical Perspectives (Studies in Macroeconomic History)

Yayınevi: Cambridge University Press

Yayın tarihi: 06/2010

ISBN: 9780521153560

İngilizce | 384 Sayfa | 15,19x22,81x2,39 cm.

Tür: Finans-Bankacılık

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No longer just a relic of the Great Depression, deflation has been established in China and Japan since the 1990s and currently threatens other major economies such as Germany and even the United States. This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing, or slowing, deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.

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