Structural deflation and the tools to stop another great depression
Economically Speaking: It has been 100 years since the world last saw structural deflation.
John McDermott
Tue, 26 May 2020
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Inflation has been notable mostly by its absence since the 2008/09 global financial crisis. Most advanced countries had recovered sufficiently by 2019 to drive unemployment rates to decade lows. Normally, falling unemployment rates would be accompanied by rising inflation. Yet that did not happen,
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John McDermott
Tue, 26 May 2020
Contact the Writer: john.mcdermott@motu.org.nz
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Structural deflation and the tools to stop another great depression
Analysis,
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