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 subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced … of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal … Reserve and the European Central Bank. Empirical evidence from the previous period of quantitative easing in Japan between …