Deflationary Tendencies After the 2008 Financial Crisis, the Covid-19 Pandemic and Stagflation After the Energy Shock

Michael Heine and Hansjörg Herr
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Michael Heine: Hochschule für Technik und Wirtschaft Berlin
Hansjörg Herr: Berlin School of Economics and Law

Chapter Chapter 5 in The Resurgence of Inflation, 2024, pp 85-115 from Springer

Abstract: Abstract The explanations given so far may give the impression that only inflationary processes can develop into system-threatening crises. However, this impression would be incorrect. Deflationary processes are also capable of developing into crises, a particularly vivid example of this would be the Great Depression of the 1930s.

Date: 2024
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DOI: 10.1007/978-3-031-52740-1_5

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