Saturday September 19, 2020

Ireland suffered greater deflation than elsewhere - Central Bank

The deflation witnessed in Ireland is greater in magnitude and length than other countries, the Central Bank has said.

19th December, 2012
2
Deflation in Ireland was unusual by domestic historical and international standards, said the Central Bank.

The deflation witnessed in Ireland is greater in magnitude and length than other countries, the Central Bank has said.

It published a new Economic Letter “Explaining Irish Inflation during the Financial Crisis” that outlines how the financial crisis resulted in a steep contraction in the domestic economy together with a sharp decline in inflation.

The research examines the Phillips Curve model of inflation, which predicts a relationship between economic slack, i.e. the degree...

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