Deflation: An Underlying Feature of a Healthy Economy

Josef Šíma

Czech Journal of Economics and Finance (Finance a uver), 2001, vol. 51, issue 10, 539-549

Abstract: The author reverts the current mainstream discussion of deflation hampering economic growth. The author first revises the definition inflation that is often misinterpreted. He shows that deflation is a natural phenomenon that often follows periods of unsustainable asset-price bubbles. He also argues that by labeling economic policy as „anti-deflationary,“ many governmental policies lead to inflationary policies that destroy the wealth of individuals.

Keywords: deflation; –; central; bank; –; inflationary; policy; –; methodology (search for similar items in EconPapers)
JEL-codes: B4 E5 H1 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
http://journal.fsv.cuni.cz/storage/1118_539_549.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:51:y:2001:i:10:p:539-549

Access Statistics for this article

More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Natalie Svarcova ().