Kenneth Rogoff - Escape from global deflation

In an article published in the Nihon Keizai Shimbun, Kenneth Rogoff of the IMF said the odds of global deflation are not high, but if it were to set in, the world's central banks have the tools needed to address the problem. The path out, however, is neither easy nor riskless. Let's hope that pre-emptive action in the United States and Europe staves off the problem.

A Commentary By Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, Nihon Keizai

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