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Deflation: causes, prevention and cure

Centre for Economic Performance Queen's Anniversary Prize Lecture

Date: Monday 19 May 2003
Time: 6.00pm
Venue: Old Theatre, Old Building
Speaker: Professor Willem Buiter

After an absence of almost half a century, the spectre of deflation is once again haunting the corridors of central banks and finance ministries in the industrial world. While preventing or combating deflation poses some unique difficulties not present in combating inflation, it can be prevented and, if it has not taken hold, overcome using conventional instruments of monetary and fiscal policy. Unconventional monetary and fiscal measures are also available.

Willem Buiter is chief economist and special adviser to the president at the European Bank for Reconstruction and Development (EBRD). He has held academic appointments at Princeton, Bristol, LSE, Yale and Cambridge, and was a member of the Monetary Policy Committee of the Bank of England from 1997 to 2000.

This lecture is free and open to all with no ticket required. For further information contact Marion O'Brien on 020 7955 7285 or email m.o'brien@lse.ac.uk| .

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