a broad cross-country historical study of deflation over the past two centuries in order to shed light on current policy … challenges. We first review the theoretical literature on deflation. We then characterize deflation by distinguishing among the … attention is also put on what the historical record reveals about policies to escape undesirable deflation. In this regard we …

a broad cross-country historical study of deflation over the past two centuries in order to shed light on current policy … challenges. We first review the theoretical literature on deflation. We then characterize deflation by distinguishing among the … attention is also put on what the historical record reveals about policies to escape undesirable deflation. In this regard we …

This paper deals with the relationship between deflation and economic growth. Although there are numerous theories on … the potential effects of deflation on real output, empirical evidence in this field is still scarce and partial. In order … negative effect of deflation on output growth, alleged by some authors, disappears after adding a control variable. Second …