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 Eur...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Cambridge
Cambridge University Press
2004
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| Schriftenreihe: | Studies in macroeconomic history
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Inhaltsangabe:
- Fears of deflation and the role of monetary policy: some lessons and an overview Richard C.K. Burdekin Pierre L. Siklos PART ONE. FEARS OF DEFLATION AND THE ROLE OF MONETARY POLICY Deflation, silent runs, and bank holidays in the great contraction Hugh Rockoff Price change, financial stability, and the British economy, 1870-1939 Forrest Capie Geoffrey Wood Deflation dynamics in Sweden: perceptions, expectations, and adjustment during the deflations of 1921-1923 and 1931-1933 Klas Fregert Lars Jonung PART TWO. DEFLATION AND ASSET PRICES Boom-busts in asset prices, economic instability, and monetary policy Michael D. Bordo Olivier Jeanne Deflation, credit, and asset prices Charles Goodhart Boris Hofmann PART THREE. INTERNATIONAL PERSPECTIVES ON DEFLATION Is deflation depressing? Evidence from the classical gold standard Michael D. Bordo Angela Redish The strong lira policy and deflation in Italy's interwar period Michele Fratianni Franco Spinelli Deflation and stagnation in Japan: collapse of the monetary tranmission mechanism and echo from the 1930s Michael M. Hutchison PART FOUR. STOCK MARKET ADJUSTMENTS TO DEFLATION Deflation, the financial crises of the 1890s, and stock exchange responses in London, New York, Paris, and Berlin Lance Davis [and others] The stock market and the business cycle in periods of deflation, (hyper- ) inflation, and political turmoil: Germany, 1913-1926 Martin T. Bohl Pierre L. Siklos
- Deflationary pressures and the role of gold stocks: 1929, 1987, and today Richard C.K. Burdekin Marc D. Weidenmier