We examine asset class and factor premiums across inflationary regimes. As periods of high inflation and deflation are … relatively uncommon in recent history, we use a deep sample starting in 1875. Moderate inflation scenarios provide the highest … attractive. By contrast, real equity and bond returns are negative during a high inflation regime, and especially so during times …

Recent research has provided strong circumstantial evidence for the proposition that sustained deflation -- the result … mechanism by which deflation led to depression. In this paper we consider several channels, including effects operating through … real wages and through interest rates. Our focus, however, is on the disruptive effect of deflation on the financial system …

On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought …

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …, just as in the Great Recession we anticipate deflation in the near future, coupled with rising joblessness and recession …

response of inflation in the post-crisis period and thus the breakdown of the Phillips curve as sales items are under … CPI correlates better with the output gap, confirming the model's predictions. Additionally, if agents form inflation …

With inflation currently low, the probability that it turns negative (deflation) will likely increase over the near …

-implied and statistical density functions to gain insight into deflation risk. Inflation expectations show a decreasing mean but … influence of monetary policy announcements on inflation expectations diminished. Tail events such as deflation although still … uncertainty reveals market participants concerns about possible extreme inflation or deflation outcomes in the future …