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Author:Lilico, A.
Title:Could deflation be ideal?
Journal:Economic Affairs
2003 : MAR VOL. 23:1, p. 44-48
Index terms:Deflation
Economic growth
Price level
Language:eng
Abstract:In a growing economy, slight systematic deflation is ideal. Nevertheless, adopting negative inflation targeting would not be stable. Instead, trend deflation under price-level targeting should be used.
SCIMA record nr: 256802
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