Deleveraging, deflation and depreciation in the euro area
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- Kuvshinov, Dmitry & Müller, Gernot J. & Wolf, Martin, 2016. "Deleveraging, deflation and depreciation in the euro area," European Economic Review, Elsevier, vol. 88(C), pages 42-66.
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- Kollmann, Robert & Leeper, Eric & Roeger, Werner, 2016. "The Post-Crisis Slump," MPRA Paper 71291, University Library of Munich, Germany.
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Keywords
Currency union; Deflationary spillovers; Deleveraging; Downward wage rigidity; Paradox of flexibility; Real exchange rate; Zero lower bound;All these keywords.
JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EEC-2016-01-03 (European Economics)
- NEP-MAC-2016-01-03 (Macroeconomics)
- NEP-MON-2016-01-03 (Monetary Economics)
- NEP-OPM-2016-01-03 (Open Economy Macroeconomics)
Statistics
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