And yet it moves: inflation and the great recession
Miles, D., Panizza, U., Reis, R.
& Ubide, Á.
(2017).
And yet it moves: inflation and the great recession.
VOX: CEPR’s Policy Portal.
& Ubide, Á.
(2017).
And yet it moves: inflation and the great recession.
VOX: CEPR’s Policy Portal.
Over the last decade, the developed world has been hit by the deepest recession since the Great Depression and a rollercoaster in commodity prices. And yet, core inflation has been both low and fairly stable. The 19th Geneva Report on the World Economy asks whether it was good policy or good luck that prevented severe deflation and kept inflation relatively steady.