Deflation and Monetary Policy in a Historical Perspective: Remembering the Past or Being Condemned to Repeat It?
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What does the historical record tell us about how to conduct monetary policy in a deflationary environment? We present a broad cross-country historical study of deflation over the past two centuries in order to shed light on current policy challenges. We first review the theoretical literature on
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美国国家经济研究局创建时间：
2004-10-01
