Price Levels: Inflation and Deflation

Xingyun Peng

Chapter 16 in Financial Theory:Perspectives from China, 2015, pp 409-427 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Regardless of whether we buy household appliances or daily necessities, we all want low costs and high quality. Prices not only have a major impact on individual purchasing decisions, but also affect each and every person's life. Price levels have a major impact on individuals, enterprises, and the entire economy. As such, when price levels are unstable, governments will typically implement policy measures to manage the prices. Price fluctuations are not only a research topic of macroeconomics, but also closely related to money and finance.

Keywords: Monetary Economics; Financial Markets; Monetary Policy; Financial System; Financial Development (search for similar items in EconPapers)
Date: 2015
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