Good deflation/bad deflation and Japanese economic recovery
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چکیده
منابع مشابه
'The Good Policy of the Magistrate': Deflation as a Policy Option in David Hume's Economic Essays
In his 1752 essay “Of Money”, David Hume proposes that a “good policy” for a magistrate would be to keep money “still encreasing.” This paper proposes that, for Hume, money can be kept “still encreasing” through deflationary policies, rather than through inflationary policies as commonly presented in the literature. Decreasing the quantity of money in circulation in an open economy decreases pr...
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ژورنال
عنوان ژورنال: International Economics and Economic Policy
سال: 2005
ISSN: 1612-4804,1612-4812
DOI: 10.1007/s10368-005-0035-z