Description

• Title:
  IS DEFLATION TRAP A SERIOUS THREAT? CASE STUDY OF FED, ECB AND NBP
• Creator:
  Ryczkowski, Maciej
• Description:
  The goal of the paper is to compare nonstandard solutions implemented by Federal Reserve System, European Central Bank and National Bank of Poland in response to the outbreak of a subrime crisis in United States and to debt crisis in European Union. For that purpose there is carried out a comparative, descriptive analysis of institutional steps taken by the three central banks and the governments to preserve macroeconomic stability. The nonstandard measures allowed to avoid a comeback of the Great Depression and restored market’s confidence, unfortunately at the cost of decreased resilience for future possible crises along with many other medium and long run unintended consequences.
• Object availability:
  free access
• Rights:
  Prawa autorskie (c) 2015 Ekonomia i Prawo. Economics and Law
• Date:
  2015.06.30
• Type:
  info:eu-repo/semantics/article;
  info:eu-repo/semantics/publishedVersion
• Language:
  English
• Source:
  Ekonomia i Prawo. Economics and Law; Vol. 14 No. 2 (2015); 243-259;
  Ekonomia i Prawo. Economics and Law; Tom 14 Nr 2 (2015); 243-259;
  2392-1625;
  1898-2255
• Format:
  application/pdf
• Publisher:
  Uniwersytet Mikołaja Kopernika w Toruniu
• Relation: https://apcz.umk.pl/EiP/article/view/EiP.2015.015/6817
• Subject:
  nonstandard monetary policy measures;
  deflation trap;
  liquidity trap
• Identifier: https://apcz.umk.pl/EiP/article/view/EiP.2015.015
• Data provider:
  Akademicka Platforma Czasopism
• Can I use it?:
  seek permission
• Type:
  text