ФЕДЕРАЛЬНОЕ АГЕНТСТВО ПО ОБРАЗОВАНИЮ

Государственное образовательное учреждение

Высшего профессионального образования

РОССИЙСКИЙ ГОСУДАРСТВЕННЫЙ ГУМАНИТАРНЫЙ УНИВЕРСИТЕТ

ИНСТИТУТ ЭКОНОМИКИ, УПРАВЛЕНИЯ И ПРАВА

ФАКУЛЬТЕТ МЕНЕДЖМЕНТ ОРГАНИЗАЦИИ

"DEFLATION"

Реферат

по предмету: АНГЛИЙСКИЙ ЯЗЫК

1-го курса заочной формы обучения

Тула, 2010

Content

1. Introduction

2. Causes and corresponding types of deflation

2.1 Money supply side deflation

2.2 Credit deflation

2.3 Scarcity of official money

3. Effects of deflation

3. Effects of deflation

4. Alternative causes and effects

4.1 The Austrian school of economics

4.2 Keynesian economics

5. Historical examples

5.1 In Ireland

5.2 In Japan

4.3 In the United States

6. Conclusion

7. References

1. Introduction

Deflation is a persistent fall in some generally followed aggregate indicator of price movements, such as the consumer price index or the GDP deflator. Generally, a one-time fall in the price level does not constitute a deflation. Instead, one has to see continuously falling prices for well over a year before concluding that the economy suffers from deflation. How long the fall has to continue before the public and policy makers conclude that the phenomenon is reflected in expectations of future price developments is open to question. For example, in Japan, which has the distinction of experiencing the longest post World War II period of deflation, it took several years for deflationary expectations to emerge.

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