I focus my remarks on the implications of the monetary policy response to the crisis for inflation and/or deflation and discuss the following questions: Have we successfully avoided deflation and a great depression in its wake? Will the expansion of central banks’ balance sheets eventually result in unacceptable inflation? Have unconventional measures impaired central bank credibility and/or compromised central bank independence? What are the potential lessons from history for central bank policies in the future?
|This chapter was published in: ||This item is provided by European Central Bank in its series Chapters with number
cbc6-08.||Handle:|| RePEc:ecb:chaptr:cbc6-08||Contact details of provider:|| Postal: |
Phone: +49 69 1344 0
Fax: +49 69 1344 6000
Web page: http://www.ecb.europa.eu/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Barry Eichengreen, 1992.
"Golden Fetters: The Gold Standard and the Great Depression, 1919-1939,"
National Bureau of Economic Research, Inc, number eich92-1.
- Eichengreen, Barry, 1996. "Golden Fetters: The Gold Standard and the Great Depression, 1919-1939," OUP Catalogue, Oxford University Press, number 9780195101133, March.
When requesting a correction, please mention this item's handle: RePEc:ecb:chaptr:cbc6-08. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Official Publications)
If references are entirely missing, you can add them using this form.