actual real interest rate; (3) the nominal (policy) interest rate is zero; (4) deflation, i.e., negative inflation rate. As a … (4) deflation. A closer examination of how Japan got into the Japanization state reveals that it is a combination of (a … easing policies when deflation first occurred; (e) the absence of an inflation target; and (f) the absence of timely, large …

Are deflation and depression empirically linked? No, concludes a broad historical study of inflation and real output … growth rates. Deflation and depression do seem to have been linked during the 1930s. But in the rest of the data for 17 …

in 1929 undermined banks that had made risky loans in the twenties. The deflation that followed further weakened the … banks, especially in rural areas where the deflation in prices and incomes was the greatest. Depositors in those areas began …

demarcation of good vs. bad deflation, where either prices fall because of a positive supply shock, or prices fall because of a …

zero-lower bound deflation trap, and the fiscal theory of the price level--analysis based on E-stability and adaptive …

Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way,' are discussed in the …

From 1999 to 2003, Taiwan faced a deflationary situation. The reasons for this deflation can be attributed to both … economic slowdown and corresponding deflation. A number of global factors, especially the bursting of the Internet and IT … empirical results are used to identify the sources of PGDP deflation in Taiwan. In addition, the phenomenon of price divergence …

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