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Is deflation depressing? : Evidence from the classical gold standard

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Costs and benefits of exchange rate stability Canada's interwar experience

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Is deflation depressing?: Evidence from the classical gold standard

Bordo, Michael D.; Redish, Angela - In: Deflation : current and historical perspectives, (pp. 191-217). 2004

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Is Deflation depressing? Evidence from the Classical Gold Standard

Bordo, Michael D. - 2003

We distinguish between good and bad deflations. In the former case, falling prices may be caused by aggregate supply (possibly driven by technology advances) increasing more rapidly than aggregate demand. In the latter case, declines in aggregate demand outpace any expansion in aggregate supply....

Persistent link: https://www.econbiz.de/10012469182