2013, end the long deflation of the Japanese economy? Answering the question, we constructed a linear projection model to … realized the sharp recovery in 2013. We conclude that the regime change of monetary policy end the Japanese long deflation in …

inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …

both the inflation and deflation periods, and the parameteron the second moment changes sign in the deflation period, as …

inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … during both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period …

inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random cross … both the inflation and deflation periods, and the parameter on the second moment changes sign in the deflation period, as … the theory predicts. Keywords: inflation, deflation, menu costs, Hong Kong, Japan. …

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 …

-term deflation expectations increased. We find that respondents with deflation expectations tend to expect prices to mean revert and …