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Deflation: Current and Historical Perspectives (Studies in Macroeconomic History) [Paperback]

Richard C. K. Burdekin (Editor), Pierre L. Siklos (Editor)

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Book Description

Publication Date: June 10, 2010 | ISBN-10: 0521153565 | ISBN-13: 978-0521153560 | Edition: Reissue

No longer just a relic of the Great Depression, deflation has been established in China and Japan since the 1990s and currently threatens other major economies such as Germany and even the United States. This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing, or slowing, deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.

#outer_postBodyPS { display: none; } #psGradient { display: none; } #psPlaceHolder { display: none; } #psExpand { display: none; } No longer just a relic of the Great Depression, deflation has been established in China and Japan since the 1990s and currently threatens other major economies such as Germany and even the United States. This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing, or slowing, deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.

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Editorial Reviews

Review

"...editors Burdekin and Siklos, both economists, provide an overview, define deflation, offer reasons why it is a policy concern, and describe past and recent deflationary events." E.L. Whalen, formerly, Clark College, CHOICE

"it is a welcome addition to the literature for those interseted in monetary economics or those wanting an enhanced historical perpective on recent policy debates." - Kris James Mitchener, Santa Clara University

Book Description

Deflation is no longer just a relic of the Great Depression. Deflation became established in China and Japan in the 1990s and now threatens other major economies such as Germany and even the United States. This volume considers why deflation may be worse than inflation and explores how individuals and policymakers have responded to the phenomenon. Monetary and exchange rate regimes as well as stock market reactions play an important part in advancing or slowing deflationary trends. The book's coverage ranges from the late nineteenth century to the present day.

See all Editorial Reviews

Product Details

Series: Studies in Macroeconomic History
Paperback: 384 pages
Publisher: Cambridge University Press; Reissue edition (June 10, 2010)
Language: English
ISBN-10: 0521153565
ISBN-13: 978-0521153560
Product Dimensions: 0.8 x 8.9 x 5.9 inches
Shipping Weight: 1.3 pounds (View shipping rates and policies)
Average Customer Review: Be the first to review this item
Amazon Best Sellers Rank: #4,238,941 in Books (See Top 100 in Books)

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Citations (learn more)

This book cites 83 books:

World Economic Outlook: April 2002 : Recessions and Recoveries by International Monetary Fund on 6 pages
The United States (Countries) by Bob Italia on 4 pages
Asset Prices and the Real Economy (Studies in Banking and International Finance) by Forrest Capie in Back Matter (1), Back Matter (2), and Back Matter (3)
Monetary policy by Douglas Fisher on page 3, Back Matter (1), and Back Matter (2)
Financial Markets by John H. Wood in Back Matter (1), Back Matter (2), and Back Matter (3)

See all 83 books this book cites

1 book cites this book:

House Prices and the Macroeconomy: Implications for Banking and Price Stability by Charles Goodhart in Back Matter

Books on Related Topics (learn more)

A Monetary History of the United States, 1867-1960 by Milton Friedman

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International Money and Finance by C. Paul Hallwood

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Money, History, and International Finance: Essays in Honor of Anna J. Schwartz (National Bureau of Economic Research Conference Report)

Money, History, and International Finance by Michael R. Darby

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Financial Policy and Central Banking in Japan by Thomas F. Cargill

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