From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII
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https://www.nber.org/papers/w22535
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资源简介：
The paper discusses policy relevant models, going from (1) chronic inflation in the 20th century after WWII, to (2) credit sudden stop episodes that got exacerbated in Developed Market economies after the 2008 Lehman crisis, and appear to be associated with chronic deflation. The discussion
提供机构：
美国国家经济研究局
创建时间：
2016-08-01
