| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22535 |
| 来源ID | Working Paper 22535 |
| From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII | |
| Guillermo A. Calvo | |
| 发表日期 | 2016-08-22 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | The paper discusses policy relevant models, going from (1) chronic inflation in the 20th century after WWII, to (2) credit sudden stop episodes that got exacerbated in Developed Market economies after the 2008 Lehman crisis, and appear to be associated with chronic deflation. The discussion highlights the importance of expectations and liquidity, and warns about the risks of relegating liquidity to a secondary role, as has been the practice in mainstream macro models prior to the Great Recession. |
| 主题 | Macroeconomics ; Business Cycles ; Money and Interest Rates |
| URL | https://www.nber.org/papers/w22535 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580209 |
| 推荐引用方式 GB/T 7714 | Guillermo A. Calvo. From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22535.pdf（369KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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