A Reader's Reaction to:
Deflation: Are We Still Sure "It" Cannot Happen Here? by Edwin Dolan.

Summary

Edwin Dolan recently argued that the Fed might be running out of options to prevent deflation, but that their recent policy of paying interest on reserves offers hope for the future. Scott Sumner contests both assertions.

Recommended Citation

Sumner, Scott (2009) "Letter: Comment on Dolan and Recent Fed Policy," The Economists' Voice: Vol. 6 : Iss. 1, Article 1.
DOI: 10.2202/1553-3832.1508
Available at: http://www.bepress.com/ev/vol6/iss1/art1