consequences of deflation. By means of impulse response analyses and panel regressions, we find that a 1 percent fall in the price … the exchange rate raises the absolute value of the coefficient on deflation. Moreover, the debt ratio increases when … deflation is also associated with an economic recession. For government revenue, its lag yields a statistically significant …

This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in … European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and … unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the …