Bordo, Michael D.; Landon-Lane, John; Redish, Angela - 2021
Deflation has had a bad rap, largely based on the experience of the 1930's when deflation was synonymous with … depression. Recent experience with declining prices in Japan and China together with the concern over deflation in Europe and the … United States has led to renewed attention to the topic of deflation. In this paper we focus our attention on the deflation …
