The COVID-19 Diaries – Week 10 – ‚Deflation– the “ogre” in the world economy‘

“If inflation is the genie, then deflation is the ogre that must be fought decisively” – Christine Lagarde, 2014 Deflation substantially influenced economic crises in the last century, affecting both the Great Depression of the 1930s (on global scale) as well as the Lost Decade in Japan in the 1990s (on national scale). While policy-makers can […]