%N 2
%A A Atkeson
%A PJ Kehoe
%V 94
%T Deflation and depression: Is there an empirical link?
%D 2004
%P 99-103
%L discovery10058350
%J American Economic Review
%I AMER ECONOMIC ASSOC
%O This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
%X 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.
%C San Diego, CA