should be common or that a policy close to the Friedman rule and thus some deflation is optimal. Finally, a formal "baby …

A comprehensive dynamic model of the monetary economy that produces the key characteristics of a debt deflation has … takes an entirely different route and places the core of Fisher's debt deflation theory into the context of the consistent …

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 …

On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought …

consequences of deflation. By means of impulse response analyses and panel regressions, we find that a 1 percent fall in the price … the exchange rate raises the absolute value of the coefficient on deflation. Moreover, the debt ratio increases when … deflation is also associated with an economic recession. For government revenue, its lag yields a statistically significant …

it is what we define as deflation. In this context, I study in particular the behavior of real and nominal incomes (wages … and profits) over time, the evolution of nominal and real GDP and the effects of deflation on debt contracts. Specifically …, I assess the common claims that deflation decreases incomes, postpone spending and favors creditors at the expense of …

should be common or that a policy close to the Friedman rule and thus some deflation is optimal. Finally, a formal "baby …