Deflation and depression
An edition of Deflation and depression (2004)
is there and [sic] empirical link?
By Andrew Atkeson
Publish Date
2004
Publisher
National Bureau of Economic Research
Language
eng
Pages
-
Description:
"Are deflation and depression empirically linked? No, concludes a broad historical study of inflation and real output growth rates. Deflation and depression do seem to have been linked during the 1930s. But in the rest of the data for 17 countries and more than 100 years, there is virtually no evidence of such a link"--Federal Reserve Bank of Minneapolis web site.
subjects: Deflation (Finance), Depressions