Economics, Econometrics and Finance
4 years ago

Deflation and depression not empirically linked, study finds.

2 views
Deflation and Depression: Is There and Empirical Link?
Andrew Atkeson, Patrick J. Kehoe

Paper Summary

Deflation and depression are not usually linked. A study looked at data from 17 countries over 100 years and found no strong connection between deflation and depression, except during the 1930s.

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