identified as deflation, sometimes as a liquidity trap, the new concern is that the U.S. economy will become like Japan?s. After … dramatically in the United States. Japan has had deflation since the mid 1990s: by October 2002 the Japanese wholesale price index … deflation, but it has relatively low inflation ? at least before the most recent statistics for October. Japan has slow growth …

deflation in the U.S. Articles have appeared in a wide range of respected business publications... What is extraordinary about … inflation is always a monetary phenomenon. Similarly, sustained deflation is also a monetary phenomenon. The Great Depression is …, significant deflation is simply not in the cards. …

degree of uncertainty associated with potential output in an environment of prolonged stagnation and deflation. Consequently …

-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine … Ergebnisse beinhalten wichtige Implikationen für die europäische Wirtschafts­politik: Es ist anzustreben, bestehende …

has been replaced by deflation. These phenomena have once again focused expert attention on the Japanese economy in trying … factors that in the past decade have been considered the causes of malaise, e.g. the economic prices of deflation for an … extended period: decline of domestic savings due to deflation, therefore faltering investments, stagnating domestic consumption …