Deflation
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Defined as a sustained fall in the general level of prices, deflation can be the result of a sudden decine in economic activity and, in the absence of adequate corrective action, it can have disastrous long-term consequences.
[2].
- ↑ Pierre Siklos: Deflation, Economic History Services Encyclopedia
- ↑ Richard Burdekin and Pierre Siklos (eds): "Fears of Deflation and Policy Responses Then and Now." In Deflation: Current and Historical Perspectives, Cambridge: Cambridge University Press, 2004
- ↑ Paul Krugman: It’s Baaack! Japan’s Slump and the Return of the Liquidity Trap
- ↑ Deflation: Determinants, Risks, and Policy Options, Findings of an Interdepartmental Task Force, International Monetary Fund, April 2003