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<a href="http://www.accessmylibrary.com/coms2/summary_0286-26229007_ITM" title="Facts and information about Viewpoint: Through The Looking Glass Into Deflation - DeAnne Julius Assesses The Risk Of Global Deflation As Quite High In Her Keynote Speech At The Banker Awards 2002 Dinner.">Viewpoint: Through The Looking Glass Into Deflation - DeAnne Julius Assesses The Risk Of Global Deflation As Quite High In Her Keynote Speech At The Banker Awards 2002 Dinner.</a>
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Viewpoint: Through The Looking Glass Into Deflation - DeAnne Julius Assesses The Risk Of Global Deflation As Quite High In Her Keynote Speech At The Banker Awards 2002 Dinner.
(From The Banker)
Byline: DEANNE JULIUS
As a former central banker, I know how finely attuned policy makers' antennae are to the earliest signs of inflation. Monetary policy works with a lag, so it is no good waiting until the signs are clear and inflationary momentum has taken hold before reacting. The inflationary overshoots and subsequent recessions of the 1970s, 1980s and early 1990s taught us that. But our policy makers may now be missing the early signs of an unfamiliar and potentially more dangerous scourge: deflation.
I do not mean dis-inflation, which is a declining rate of inflation. I mean deflation, a rate that has turned negative: ...
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