LIBROS DEL AUTOR: alan ahearne

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  • International Finance Discussion Papers
    Alan Ahearne / et al. / United States Federal Reserve Board
    This paper examines Japan’s experience in the first half of the 1990s to shed some light on several issues that arise as inflation declines toward zero. Is it possible to recognize when an economy is moving into a phase of sustained deflation? How quickly should monetary policy respond to sharp declines in inflation? Are there factors that inhibit the monetary transmission mech...
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