Deflation: Determinants, Risks, and Policy Options—Findings of an Interdepartmental Task Force
IMF Seminars, Conferences and Workshops
ECONOMIC FORUMS AND INTERNATIONAL SEMINARS
Should We Be Worried About 'Deflation'?
Thursday, May 29, 2003, 3:00 p.m.–4:30 p.m.
IMF Auditorium (Enter via the IMF Center)
720 19th St. N.W., Washington, DC
View a webcast of this Economic Forum using Windows Media Player.
Transcript of the proceedings
Concerns about a generalized decline in prices in both industrial and emerging market economies have recently increased. With Japan, China, and several other Asian economies already experiencing declining prices, the worry has been that deflationary pressures could deepen, and even spread more widely. What is our historical experience with deflation? How much do we know about its causes and effects? What are the risks and appropriate policy responses? The following panelists will address these and related issues.
Kenneth Rogoff (Moderator)
Manmohan S. Kumar
An IMF staff study on deflation is available on the IMF website at http://www.imf.org/external/pubs/ft/def/2003/eng/043003.htm