Deflation
Subtitle: current and historical perspectives
By: edited by Richard C.K. Burdekin, Pierre L. Siklos.
Contributors: Burdekin, Richard C. K. 1958-; Siklos, Pierre L., 1955-
Series: Studies in macroeconomic history
Publisher: Cambridge University Press
Published: 2004
Place of publication: Cambridge, U.K; New York
Language: eng
Number of pages: 359
Subjects: Deflation (Finance); Monetary policy; Prices
Description: "This volume explores some key themes regarding deflation, including: (i) how economic agents and policy makers have responded to deflation; (ii) the links between monetary policy, goods price movements, and asset price movements; (iii) the impact of deflation under different monetary policy and exchange rate regimes; and (iv) stock market reactions to deflation."--BOOK JACKET
Notes: Includes bibliographical references (p. 331-351) and index.
Table of contents: title: Fears of deflation and the role of monetary policy: some lessons and an overview -- Richard C.K. Burdekin, -- Pierre L. Siklos -- PART ONE. FEARS OF DEFLATION AND THE ROLE OF MONETARY POLICY; title: Deflation, silent runs, and bank holidays in the great contraction -- Hugh Rockoff; title: Price change, financial stability, and the British economy, 1870-1939 -- Forrest Capie, -- Geoffrey Wood; title: Deflation dynamics in Sweden: perceptions, expectations, and adjustment during the deflations of 1921-1923 and 1931-1933 -- Klas Fregert, -- Lars Jonung -- PART TWO. DEFLATION AND ASSET PRICES; title: Boom-busts in asset prices, economic instability, and monetary policy -- Michael D. Bordo, -- Olivier Jeanne; title: Deflation, credit, and asset prices -- Charles Goodhart, -- Boris Hofmann -- PART THREE. INTERNATIONAL PERSPECTIVES ON DEFLATION; title: Is deflation depressing? Evidence from the classical gold standard -- Michael D. Bordo, -- Angela Redish; title: The strong lira policy and deflation in Italy's interwar period -- Michele Fratianni, -- Franco Spinelli; title: Deflation and stagnation in Japan: collapse of the monetary tranmission mechanism and echo from the 1930s -- Michael M. Hutchison -- PART FOUR. STOCK MARKET ADJUSTMENTS TO DEFLATION; title: Deflation, the financial crises of the 1890s, and stock exchange responses in London, New York, Paris, and Berlin -- Lance Davis ... [et al.]; title: The stock market and the business cycle in periods of deflation, (hyper-) inflation, and political turmoil: Germany, 1913-1926 -- Martin T. Bohl, -- Pierre L. Siklos; title: Deflationary pressures and the role of gold stocks: 1929, 1987, and today-- Richard C.K. Burdekin,-- Marc D. Weidenmier.