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DEFLATION PROGRESSIVE [1 record]

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Record 1 1998-11-19

English

Subject field(s)
  • Economic Fluctuations
CONT

Zero inflation appears extreme only because people have long been accustomed to higher interest rates, because of the lingering ghost of the Phillips Curve (which purports to show a trade-off between inflation and unemployment) and because economists dismiss out-of-hand the alternative of gradual deflation.

French

Domaine(s)
  • Fluctuations économiques
CONT

Si l'inflation zéro apparaît comme une option extrême, c'est parce que les agents économiques sont depuis longtemps accoutumés à des taux d'inflation élevés, parce que la fameuse courbe de Phillips (qui prétend démontrer l'existence d'un dilemme inflation-chômage) continue d'exercer une grande influence et également parce que les économistes rejettent d'emblée l'option de déflation progressive.

Spanish

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