San Feng
Abstract
Global deflation pressure will be long lived, and will appear clearly when the world economic recession. So, the world economy will have been low price level and low interest rates for a long time. Chinese e-conomy, which shows mild deflation since 1998, has the basic characteristic of structural deflation.
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Global deflation pressure will be long lived, and will appear clearly when the world economic recession. So, the world economy will have been low price level and low interest rates for a long time. Chinese e-conomy, which shows mild deflation since 1998, has the basic characteristic of structural deflation.
Key concepts: Deflation, Economics, Recession, Keynesian economics, Great recession, Global recession, Monetary economics, Monetary policy