describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near …

Deflation has emerged as a new concern for Asian policy makers. The traditional view is that deflation can lead to a … the role of positive supply shocks and takes a more benign view of deflation. In a recent paper that examines the … relationship between deflation and economic growth, using consumer prices time series, Borio et al. (2015) find some evidence that …

Deflation has emerged as a new concern for Asian policy makers. The traditional view is that deflation can lead to a … the role of positive supply shocks and takes a more benign view of deflation. In a recent paper that examines the … relationship between deflation and economic growth, using consumer prices time series, Borio et al. (2015) find some evidence that …

Deflation has replaced inflation as the principal challenge for monetary policy in many countries. But influential … voices question whether deflation is properly seen as a problem for economic growth and financial stability. They question … whether recent experience with deflation is more than a transitory phenomenon associated with the aftermath of the financial …