Monetary Policy with Very Low Inflation in the Pacific Rim is popular PDF and ePub book, written by Takatoshi Ito in 2007-11-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Monetary Policy with Very Low Inflation in the Pacific Rim can be Read Online from any device for your convenience.
Monetary Policy with Very Low Inflation in the Pacific Rim Book PDF Summary
Extremely low inflation rates have moved to the forefront of monetary policy discussions. In Asia, a number of countries—most prominently Japan, but also Taiwan and China—have actually experienced deflation over the last fifteen years. Monetary Policy with Very Low Inflation in the Pacific Rim explores the factors that have contributed to these circumstances and forecasts some of the potential challenges faced by these nations, as well as some potential solutions. The editors of this volume attribute low inflation and deflation in the region to a number of recent phenomena. Some of these episodes, they argue, may be linked to rapid growth on the supply side of economies. Here, inadequate demand policy can produce what is referred to as a "liquidity trap" in which the expectation of falling prices encourages agents to defer costly purchases, thereby discouraging growth. Low inflation rates can also be traced to the presence of a "zero-lower bound" on interest rates, as well as the inflation-targeting phenomenon. Targets have been set so low, the editors argue, that in some cases a few bad shocks lead to deflation.
Detail Book of Monetary Policy with Very Low Inflation in the Pacific Rim PDF
- Author : Takatoshi Ito
- Release : 01 November 2007
- Publisher : University of Chicago Press
- ISBN : 9780226379012
- Genre : Business & Economics
- Total Page : 427 pages
- Language : English
- PDF File Size : 15,6 Mb
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