The Risk of Deflation
White Paper No. 4, 2009
- Authors:
- Stefan Gerlach
- Research Area:
- Macro and Finance
- Date:
- Apr 2009
- Keywords:
- deflation, monetary policy, fiscal policy
- Abstract:
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A particular risk at present is that the rapid decline in inflation in many countries in recent months will turn into deflation with highly adverse real economic developments. This background paper considers how large the risk of deflation may be and discusses what policy can do to reduce it.
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Link to Publication
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