eprintid: 10058350 rev_number: 19 eprint_status: archive userid: 608 dir: disk0/10/05/83/50 datestamp: 2018-10-11 11:19:38 lastmod: 2021-11-07 23:49:23 status_changed: 2018-10-15 09:31:27 type: article metadata_visibility: show creators_name: Atkeson, A creators_name: Kehoe, PJ title: Deflation and depression: Is there an empirical link? ispublished: pub divisions: UCL divisions: B03 divisions: C03 note: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. abstract: 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. date: 2004-05-01 date_type: published publisher: AMER ECONOMIC ASSOC official_url: http://doi.org/10.1257/0002828041301588 oa_status: green full_text_type: other language: eng primo: open primo_central: open_green verified: verified_manual elements_id: 1576399 doi: 10.1257/0002828041301588 lyricists_name: Kehoe, Patrick lyricists_id: PKEHO79 actors_name: Waragoda Vitharana, Nimal actors_id: NWARR44 actors_role: owner full_text_status: public publication: American Economic Review volume: 94 number: 2 pagerange: 99-103 pages: 5 event_location: San Diego, CA issn: 0002-8282 citation: Atkeson, A; Kehoe, PJ; (2004) Deflation and depression: Is there an empirical link? American Economic Review , 94 (2) pp. 99-103. 10.1257/0002828041301588 <https://doi.org/10.1257/0002828041301588>. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/10058350/1/Kehoe_Deflation%20and%20Depression.pdf