Deflation Current and Historical Perspectives |
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| Editor:
| Burdekin, Richard C. K.
Siklos, Pierre L. |
| Contribution by:
| Bordo, Michael D.
Capie, Forrest
Redish, Angela |
| Series title: | Studies in Macroeconomic History Ser. |
| ISBN: | 978-0-521-83799-6 |
| Publication Date: | Sep 2004 |
| Publisher: | Cambridge University Press
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| Book Format: | Hardback |
| List Price: | AUD $150.95 |
Book Description:
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Deflation is no longer just a relic of the Great Depression. Deflation became established in China and Japan in the 1990s and now 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...
More DescriptionDeflation is no longer just a relic of the Great Depression. Deflation became established in China and Japan in the 1990s and now 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.