Deflationary Tendencies After the 2008 Financial Crisis, the Covid-19 Pandemic and Stagflation After the Energy Shock
摘要
The explanations given so far may give the impression that only inflationary processes can develop into system-threatening crises. However, this impression would be incorrect. Deflationary processes are also capable of developing into crises, a particularly vivid example of this would be the Great Depression of the 1930s.