(GFC) of 2007-2008. It was greatly aided by the adoption of inflation targeting. In this paper we evaluate this convergence …

depression. Recent experience with declining prices in Japan and China together with the concern over deflation in Europe and the …Deflation has had a bad rap, largely based on the experience of the 1930's when deflation was synonymous with … United States has led to renewed attention to the topic of deflation. In this paper we focus our attention on the deflation …

in output shocks and the possibility that society became more inflation averse over time …

their role in influencing the credibility of the monetary authority. We focus on measures of inflation expectations, the … mean reversion properties of inflation, and indicators of exchange rate risk. In addition we place some emphasis on whether …

the trend inflation rate in the U.K. would have been reduced by more than one half if the Bank of England had not allowed …

effects of three episodes of deliberate monetary contraction: the post-Civil War deflation, the post-WWI deflation, and the …

of inflation/deflation behavior … a broad cross-country historical study of deflation over the past two centuries in order to shed light on current policy … challenges. We first review the theoretical literature on deflation. We then characterize deflation by distinguishing among the …