Deflation: Will the Euro Area be the Next Japan?

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Deflation: Will the Euro Area be the Next Japan?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Deflation: Will the Euro Area be the Next Japan?

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

1200-1207

Název nakladatele

VŠB - Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

7. 9. 2015

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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