Benhabib, Jess (contributor); Spiegel, Mark (contributor) - 2006
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Moderate Inflation and the Deflation-Depression Link
Jess Benhabib
New York University
And
Mark M. Spiegel*
Federal … single five year sub-sample. We also
follow AK by restricting our attention to moderate inflation or deflation, by … restricting
our sample to five year periods that average less than 20% inflation or deflation.
However, as a control, we also …