Deflation Current and Historical Perspectives [Paperback]

This collection analyses trends in deflation from the nineteenth century onwards.Deflation is no longer just a relic of the Great Depression. Deflation became established in China and Japan in the 1990s and now threatens other major economies such as Germany and even the United States. This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing or slowing deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.Deflation is no longer just a relic of the Great Depression. Deflation became established in China and Japan in the 1990s and now threatens other major economies such as Germany and even the United States. This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing or slowing deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.No longer just a relic of the Great Depression, deflation has been established in China and Japan since the 1990s and currently threatens other major economies such as Germany and even the United States. This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing, or slowing, deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.List of tables and figures; List of contributors; Preface; 1. Fears of deflation and the role of monetary policy: some lessons and an overview Richard C. K. Burdekin and Pierre L. Siklos; Part I. Fears of Deflation andl“(