Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - 2016
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 …
