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...
| 1. autor: | |
|---|---|
| Kolejni autorzy: | |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| Seria: | IMF Staff Position Notes; Staff Position Note ;
No. 2009/001 |
| Dostęp online: | Full text available on IMF |