Gauging Risks for Deflation /

This paper discusses deflation risks and policy options. The paper highlights that slumping collateral values have exacerbated the credit crunch, and monetary policy has lost effectiveness in stabilizing output. A model-based analysis for the G3 economies (United States, euro area, and Japan) also s...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Decressin, Jorg
مؤلفون آخرون: Laxton, Douglas
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2009.
سلاسل:IMF Staff Position Notes; Staff Position Note ; No. 2009/001
الوصول للمادة أونلاين:Full text available on IMF