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Monetary Policy with Very Low Inflation in the Pacific Rim
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Monetary Policy with Very Low Inflation in the Pacific Rim

Takatoshi Ito and Andrew K. Rose

Abstract

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. This book 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 chapters of this book 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 ... More

Keywords: low inflation, monetary policy, deflation, inflation rates, rapid growth, supply side, economies, demand policy, liquidity trap, falling prices

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780226378978
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226379012.001.0001

Authors

Affiliations are at time of print publication.

Takatoshi Ito, editor

Andrew K. Rose, editor

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