Deflation : determinants, risks and policy options / Manmohan S.Kumar ...[et al.]
By: Kumar, Manmohan S
.
Contributor(s): Baig, Taimur | International Monetary Fund.
Material type: 
BookSeries: Occasional paper (International Monetary Fund).Publisher: Washington, D.C. : International Monetary Fund, 2003Description: vii, 54 p. ; 28 cm. + pbk.ISBN: 1589062272.Subject(s): Deflation (Finance) | Economic policyDDC classification: 332.41 | Item type | Current library | Call number | Copy number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|---|---|
| General Lending | MTU Bishopstown Library Lending | 332.41 (Browse shelf(Opens below)) | 1 | Available | 00097807 |
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Enhanced descriptions from Syndetics:
Deflation can be costly and difficult to anticipate, and concerns of a generalized decline in prices in both industrial and emerging market economies have increased recently. This paper investigates the causes and consequences of deflation, the risk of deflation globally and in individual countries, and policy options. The authors discuss issues related to the measurement, determinants, and costs of deflation and examine previous episodes of deflation. They compute an index of deflation vulnerability, which they apply to the 35 largest industrial and emerging market economies. Finally, the paper offers several policy options for protecting against deflation and for coping with it should it strike.
Includes bibliographical references (pages 50-52).
Overview -- Measurement, determinants and costs -- Historical experiences of deflation and policy lessons -- Risks of deflation -- Policy response.