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Deflation :current and historical perspectives /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
杜威分類號:	332.4/1
書名/作者:	Deflation : : current and historical perspectives // edited by Richard C.K. Burdekin, Pierre L. Siklos.
其他作者:	Burdekin, Richard C. K.
面頁冊數:	1 online resource (xxii, 359 pages) : : digital, PDF file(s).
附註:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
標題:	Deflation (Finance)
標題:	Monetary policy.
標題:	Prices.
ISBN:	9780511607004 (ebook)
摘要、提要註:	This book was originally published in 2004. Fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major European area economies, especially Germany, and emerged as a concern of the US Federal Reserve in 2003. Deflation may be worse than inflation not only because the real burden of debt rises but also because firms would confront rising real wages in a world where nominal wage rigidity prevails. This volume explores some key themes regarding deflation including: (i) how economic agents and policy makers have responded to deflation, (ii) the links between monetary policy, goods price movements, and asset price movements, (iii) the impact of deflation under different monetary policy and exchange rate regimes, and (iv) stock market reactions to deflation.
電子資源:	http://dx.doi.org/10.1017/CBO9780511607004

Deflation :current and historical perspectives /
Deflation :current and historical perspectives /edited by Richard C.K. Burdekin, Pierre L. Siklos. - 1 online resource (xxii, 359 pages) :digital, PDF file(s). - Studies in macroeconomic history. - Studies in macroeconomic history..

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Fears of deflation and the role of monetary policy: some lessons and an overview /Richard C.K. Burdekin,PART ONE. FEARS OF DEFLATION AND THE ROLE OF MONETARY POLICY --

This book was originally published in 2004. Fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major European area economies, especially Germany, and emerged as a concern of the US Federal Reserve in 2003. Deflation may be worse than inflation not only because the real burden of debt rises but also because firms would confront rising real wages in a world where nominal wage rigidity prevails. This volume explores some key themes regarding deflation including: (i) how economic agents and policy makers have responded to deflation, (ii) the links between monetary policy, goods price movements, and asset price movements, (iii) the impact of deflation under different monetary policy and exchange rate regimes, and (iv) stock market reactions to deflation.

ISBN: 9780511607004 (ebook)Subjects--Topical Terms:

605262
Deflation (Finance)

LC Class. No.: HG229 / .D386 2004

Dewey Class. No.: 332.4/1

Deflation :current and historical perspectives /
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505 0 0 $t Fears of deflation and the role of monetary policy: some lessons and an overview / $r Richard C.K. Burdekin, $r Pierre L. Siklos -- $g PART ONE. FEARS OF DEFLATION AND THE ROLE OF MONETARY POLICY -- $t Deflation, silent runs, and bank holidays in the great contraction / $r Hugh Rockoff -- $t Price change, financial stability, and the British economy, 1870-1939 / $r Forrest Capie, $r Geoffrey Wood -- $t Deflation dynamics in Sweden: perceptions, expectations, and adjustment during the deflations of 1921-1923 and 1931-1933 / $r Klas Fregert, $r Lars Jonung -- $g PART TWO. DEFLATION AND ASSET PRICES -- $t Boom-busts in asset prices, economic instability, and monetary policy / $r Michael D. Bordo, $r Olivier Jeanne -- $t Deflation, credit, and asset prices / $r Charles Goodhart, $r Boris Hofmann -- $g PART THREE. INTERNATIONAL PERSPECTIVES ON DEFLATION -- $t Is deflation depressing? Evidence from the classical gold standard / $r Michael D. Bordo, $r Angela Redish -- $t The strong lira policy and deflation in Italy's interwar period / $r Michele Fratianni, $r Franco Spinelli -- $t Deflation and stagnation in Japan: collapse of the monetary tranmission mechanism and echo from the 1930s / $r Michael M. Hutchison -- $g PART FOUR. STOCK MARKET ADJUSTMENTS TO DEFLATION -- $t Deflation, the financial crises of the 1890s, and stock exchange responses in London, New York, Paris, and Berlin / $r Lance Davis [and others] -- $t The stock market and the business cycle in periods of deflation, (hyper- ) inflation, and political turmoil: Germany, 1913-1926 / $r Martin T. Bohl, $r Pierre L. Siklos -- $t Deflationary pressures and the role of gold stocks: 1929, 1987, and today / $r Richard C.K. Burdekin, $r Marc D. Weidenmier.
520 $a This book was originally published in 2004. Fears of deflation seemed nothing more than a relic of the Great Depression. However, beginning in the 1990s, persistently falling consumer prices have emerged in Japan, China and elsewhere. Deflation is also a distinct possibility in some of the major European area economies, especially Germany, and emerged as a concern of the US Federal Reserve in 2003. Deflation may be worse than inflation not only because the real burden of debt rises but also because firms would confront rising real wages in a world where nominal wage rigidity prevails. This volume explores some key themes regarding deflation including: (i) how economic agents and policy makers have responded to deflation, (ii) the links between monetary policy, goods price movements, and asset price movements, (iii) the impact of deflation under different monetary policy and exchange rate regimes, and (iv) stock market reactions to deflation.
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650 0 $a Monetary policy. $3 340720
650 0 $a Prices. $3 340933
700 1 $a Burdekin, Richard C. K. $q (Richard Charles Keighley), $d 1958- $e editor. $3 642763
700 1 $a Siklos, Pierre L., $d 1955- $3 562546
776 0 8 $i Print version: $z 9780521837996
830 0 $a Studies in macroeconomic history. $3 641583
856 4 0 $u http://dx.doi.org/10.1017/CBO9780511607004