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2010•Economic SynopsesOpen access

U.S. Historical Experience with Deflation

Christopher J. Neely

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Abstract

The severe contractions and deflationary episodes that followed 19th century U.S. banking crises have shaped the U.S. perception of deflation.

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What this paper is about

The severe contractions and deflationary episodes that followed 19th century U.S. banking crises have shaped the U.S. perception of deflation.

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Available abstract

The severe contractions and deflationary episodes that followed 19th century U.S. banking crises have shaped the U.S. perception of deflation.

Key concepts: Deflation, Economics, Keynesian economics, Monetary policy

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