Deflation: Current and Historical Perspectives

Studies in Macroeconomic History

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

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.

384 pages, Paperback

First published September 6, 2004

About the author

Richard Charles Keighley Burdekin is a professor of economics at Claremont McKenna College. He specializes in Banking, Central Bank Policymaking, Chinese Economy, Inflation, Macroeconomics, Money and Finance, and Political Economy.