Kuttner, Kenneth N. (contributor); … - 2003 - [Elektronische Ressource]
approach to deflationary or near-zero inflation environments is
problematic, however, and this paper examines two shortcomings …. Using long-term bond yields, we identify five episodes
since 1996 characterized by abrupt declines in Japanese inflation …
Inflation and the Prospects for Global Deflation, April 25–26, 2003. We are grateful to Richard Jerram,
Athanasios Orphanides …