Deflation theory

Author: Qian Xia'an
Publisher:
Publish Date: 2000-01-01
Features: Deflation, in the half-century after the end of World War II, has long failed to become a hot topic in economic life or economic research, both domestically and internationally. In recent years, especially since the Southeast Asian financial crisis, it has suddenly attracted widespread attention. Timely countermeasure research is undoubtedly necessary. However, from the perspective of scientifically understanding the world and guiding long-term strategic decision-making, equal emphasis should also be placed on adhering to normative argumentation requirements, supported by sufficient historical facts and new developments in real-world conditions, as well as rigorous and thoughtful systematic theoretical exploration. This book falls into the latter category. Such research achievements are worth reading. The Theory of Deflation is a work that systematically discusses deflation both theoretically and practically. The author, drawing on the economic development of more than 10 countries and regions over nearly 200 years, conducts an in-depth study of deflation from multiple perspectives, at deep levels, and in a comprehensive manner, covering its essential characteristics, causes, formation impacts, governance strategies, and preventive measures. The ideas proposed in this book, such as reflation policies and a monetary policy system for price stability, hold significant practical implications for promoting the sustainable development of China's economy and finance.