Deflation: Will the Euro Area be the Next Japan?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86096375" target="_blank" >RIV/61989100:27510/15:86096375 - isvavai.cz</a>
Result on the web
<a href="http://wis.vsb.cz/ekf/uloziste/2015-frpfi-sbornik/Part_IV_web.pdf" target="_blank" >http://wis.vsb.cz/ekf/uloziste/2015-frpfi-sbornik/Part_IV_web.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Deflation: Will the Euro Area be the Next Japan?
Original language description
Current inflation trends fuel fears that the euro area may slide toward deflation. Global supply-side factors, including a deceleration in energy and food prices, have played the most important role in this process. In this paper we discuss some parallels between the current situation in the euro area and Japan's experience of deflation. We have found that the stock indexes were still after eight years below their peak levels. The pace of economic recovery was lower and rate of unemployment in euro areawas higher than in Japan. Contrary to Japan, real rates have remained negative in the euro area since 2009. Nevertheless Japanese stimulus of monetary base has been significantly larger than the one implemented by the euro area. According to us, the risk of deflation in euro area intensifies due to the lack of interaction of monetary and fiscal policy.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Financial Management of Firms and Financial Institutions : 10th international scientific conference : 7th - 8th September 2015, Ostrava, Czech Republic : proceedings. [Part I - IV]
ISBN
978-80-248-3865-6
ISSN
2336-162X
e-ISSN
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Number of pages
8
Pages from-to
1200-1207
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 7, 2015
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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