Dangers of Deflation
Brooks, Douglas H.; Quising, Pilipinas F. | December 2002
Abstract
Recently, there has been growing concern about deflation in some countries and the possibility of deflation at the global level. Aggregate demand, output, and employment could stagnate or decline, particularly where debt levels are already high. Standard economic policy stimuli could become less effective, while few policymakers have experience in preventing or halting deflation with alternative means.
Citation
Brooks, Douglas H.; Quising, Pilipinas F.. 2002. Dangers of Deflation. © Asian Development Bank. http://hdl.handle.net/11540/1479. License: CC BY 3.0 IGO.ISSN
1655-5260
Keywords
Finance
Public Finance
Governance
Taxation
Public Debt
Local Government
Debt Management
Local taxation
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Citable URI
http://hdl.handle.net/11540/1479Metadata
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