Creator

• Atkeson, Andrew
• Kehoe, Patrick J.

Series

• Staff report (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 331

Date Created

• 2004-01

Abstract

• Are deflation and depression empirically linked? No, concludes a broad historical study of inflation and real output growth rates. Deflation and depression do seem to have been linked during the 1930s. But in the rest of the data for 17 countries and more than 100 years, there is virtually no evidence of such a link.

Subject (JEL)

• N10 - Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: General, International, or Comparative
• E32 - Business Fluctuations; Cycles
• E31 - Price Level; Inflation; Deflation

Related information

• Published in: American Economic Review (Vol. 94, No. 2, May 2004, pp. 99-103) https://doi.org/10.1257/0002828041301588.

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

DOI

•  https://doi.org/10.21034/sr.331

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

Relationships

In Collection:

• Staff Reports

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