Is Deflation depressing? Evidence from the Classical Gold Standard
收藏NBER2003-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9520
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We distinguish between good and bad deflations. In the former case, falling prices may be caused by aggregate supply (possibly driven by technology advances) increasing more rapidly than aggregate demand. In the latter case, declines in aggregate demand outpace any expansion in aggregate supply.
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美国国家经济研究局创建时间：
2003-03-01
