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Bernanke doctrine : ウィキペディア英語版 | Bernanke doctrine The Bernanke doctrine refers to measures, identified by Ben Bernanke while Chairman of the Board of Governors of the United States Federal Reserve, that the Federal Reserve can use in conducting monetary policy to combat deflation.〔 ==Background== In 2002, when the word "deflation" began appearing in the business news, Bernanke, then a governor on the Board of the Federal Reserve, gave a speech about deflation entitled "Deflation: Making Sure "It" Doesn't Happen Here."〔(Speech, Bernanke -Deflation- November 21, 2002 )〕 In that speech, he assessed the causes and effects of deflation in the modern economy. Bernanke states:
''"The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand – a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers. Likewise, the economic effects of a deflationary episode, for the most part, are similar to those of any other sharp decline in aggregate spending—namely, recession, rising unemployment, and financial stress."''
抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Bernanke doctrine」の詳細全文を読む
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