Until the global financial crisis of 2008-2009, deflation had all but disappeared as a concern for policymakers and investors in the advanced economies, apart from Japan, which has been subject to persistent downward pressure on prices for nearly a generation. And now deflationary fears are on the wane again. By the mid-1960s, the advanced economies […]
About Carmen Reinhart
Carmen Reinhart is Professor of the International Financial System at Harvard University's Kennedy School of Government.