GLOBAL PERSPECTIVES ON DEFLATION: LESSONS FROM HISTORICAL EPISODES
GLOBAL PERSPECTIVES ON DEFLATION: LESSONS FROM HISTORICAL EPISODES Deflation, a sustained decrease in the general price level of goods and services, has been a concern for economies across the globe. Learning from historical episodes of deflation provides essential insights into its causes, consequences, and potential remedies. Key Points: 1. Causes of Deflation: Historically, deflation has …
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