Deflation and depression: is there an empirical link?
Andrew Atkeson and
Patrick Kehoe ()
No 331, Staff Report from Federal Reserve Bank of Minneapolis
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.
Keywords: Deflation (Finance); Depressions (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac, nep-mon and nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (15) Track citations by RSS feed
Published in American Economic Review> (Vol. 94, No. 2, May 2004, pp. 99-103)
Downloads: (external link)
Journal Article: Deflation and Depression: Is There an Empirical Link? (2004)
Working Paper: Deflation and Depression: Is There and Empirical Link? (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:fip:fedmsr:331
Ordering information: This working paper can be ordered from
Access Statistics for this paper
More papers in Staff Report from Federal Reserve Bank of Minneapolis Contact information at EDIRC.
Series data maintained by Janelle Ruswick ().