There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and … deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and … deflation have many asymmetric, and even some symmetric, effects. Both price phenomena are undesirable, but the consequences of …

deflation combined with low nominal interest rates. He was also focused on Japan and on an evaluation of its monetary policy of …

restoration of money fully-backed by gold and issued by different subjects. The main reasoning behind these requests is connected …. Restoration of the money backed by gold is furthermore completely unrealistic. The article discusses the shortage of gold stock as … one of many reasons why gold is not suitable for monetary purposes. …