by
Taimur Mr. Baig, Jörg Mr. Decressin, Tarhan Mr. Feyzioglu
Language: English
Release Date: June 30, 2003
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,...