Deflation and depression : is there an empirical link?

Andrew Atkeson; Patrick J. Kehoe

"Are deflation and depression empirically linked? No, concludes a broad historical study of inflation and real output growth rates. Deflation and depression do seem to have been linked during the 1930s. But in the rest of the data for 17 countries and more than 100 years, there is virtually no evidence of such a link"--Federal Reserve Bank of Minneapolis web site

Year of publication:	2004
Authors:	Atkeson, Andrew ; Kehoe, Patrick J.
Publisher:	Minneapolis : Federal Reserve Bank, Research Dep.
Subject:	Deflation \| Konjunktur \| Business cycle \| Schätzung \| Estimation \| Welt \| World \| 1820-2000

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