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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Decressin, Jorg
Awduron Eraill: Laxton, Douglas
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2009.
Cyfres:IMF Staff Position Notes; Staff Position Note ; No. 2009/001
Mynediad Ar-lein:Full text available on IMF