| 来源类型 | Research paper
|
| 规范类型 | 论文
|
| Inflation - Ghost of the Past or Upcoming Threat? |
| Vanessa Rossi and Rodrigo Delgado Aguilera
|
| 发表日期 | 2009-12-01
|
| 出版年 | 2009
|
| 语种 | 英语
|
| 摘要 |
- Is inflation really a threat? While most analysts agree that there is little cost-push or demand-pull inflation in sight, there has been persistent unease over the potential impact of bailouts, fiscal stimulus packages and an exceptional monetary policy stance, including quantitative easing.
- However, this paper puts the case that inflationary pressure from currently lax policy was in the past, not the future. Current bailouts funded excess spending and inflationary pressure in the boom years. Households and financial institutions were encouraged to pile up debt in part because they expected that even if a crisis were to occur, they could either default or be bailed out by governments and central banks. So presently lax policy represents late payment for goods already consumed rather than new spending.
- The effect of wealth losses and weak income growth will repress inflation unless governments continue pumping money into the global economy regardless of changing conditions. Governments are unlikely to pursue easing this far - and, in any case, this point is still some way off yet.
|
| 主题 | Global Economy and Finance
; G20 and Developed Economies
|
| URL | https://www.chathamhouse.org/publications/papers/view/109195
|
| 来源智库 | Chatham House (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/48581
|
推荐引用方式
GB/T 7714 |
Vanessa Rossi and Rodrigo Delgado Aguilera. Inflation - Ghost of the Past or Upcoming Threat?. 2009.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
