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...

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Xehetasun bibliografikoak
Egile nagusia: Decressin, Jorg
Beste egile batzuk: Laxton, Douglas
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2009.
Saila:IMF Staff Position Notes; Staff Position Note ; No. 2009/001
Sarrera elektronikoa:Full text available on IMF