Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/54325
Autoren: 
Wray, L. Randall
Papadimitriou, Dimitri B.
Datum: 
2003
Reihe/Nr.: 
Public Policy Brief 74
Zusammenfassung: 
Most recent discussions of deflation seem to overlook the main dangers posed by a deflationary economy and appear to offer superficial solutions. In this brief, the authors argue that, barring drastic changes in asset and output prices, deflation itself is not the main problem, but rather the recessionary conditions that sometimes give rise to deflation. Whether or not prices are falling, the proper remedy for a recession is the Keynesian one: government deficit spending, used to finance useful programs and tax cuts. These measures will reduce unemployment, increase growth, and relieve deflationary pressures.
ISBN: 
1931493243
Dokumentart: 
Research Report

Datei(en):
Datei
Größe
163.42 kB





Publikationen in EconStor sind urheberrechtlich geschützt.