Table of contents for Deflation : determinants, risks, and policy options / Manmohan S. Kumar...[et. al.]


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I   Overview
     Conclusions                                                     1

II  Measurement, Determinants, and Costs                            3
     Definition and Recent Experience                                3
     Determinants                                                    4
     Costs of Deflation                                              7

III  Historical Experiences of Deflation and Policy Lessons          9
     Deflation in the Nineteenth Century                             9
     Deflation in the Early Twentieth Century                  10

IV   Risks of Deflation                                        12
     Global Deflationary Pressures                             12
     Overall Assessment                                        16
     Deflationary Pressures in the Major Economies             17
     China                                                     25

V    Policy Response                                           27
     Policy Before the Onset of Deflation                      27
     Policy Once Deflation Has Set In                          29

Appendices
I   Index of Deflation Vulnerability-Data Sources and
     Definition of Variables                                  31
II  Supplementary Material                                    33

References                                                     50





Library of Congress Subject Headings for this publication: Deflation (Finance)Monetary policy, Prices