…speech the steep rise in stock prices has increased household wealth by some $5 trillion. The rise in inflation expectations has helped to ease the household debt deflation problem. Consumption…

…else equal (i.e., not offset by deflation in other big countries), average inflation above the ECB’s comfort zone – I use the word ‘zone’ loosely; it’s 2%. The ECB is…

…little slippage on inflation to let Club Med regain lost competitiveness without having to endure the agony of debt-deflation. Indeed, the ECB seems to have picked up some of the…

…[by Ireland, from the Euro] may still be better than a decade of slow, grinding deflation combined with Zombie banks and Zombie household balance sheets being kept on artificial life…

…average inflation rate– the average inflation rate is the weighted HICP across all of the Eurozone economies – around 2% while the much of the Eurozone experiences disinflation (or deflation)….

…supply. This can imply that downward wage flexibility causes reduced employment as it causes deflation which means that the constant nominal interest rate corresponds to a higher real interest rate…

…noticed that these days deflation is even more feared than inflation and thus decided that printing currency and buying stuff must be deflationary. Bagehot is turning over in his grave….

…stance of monetary policy as “super super expansionary,” then-Governor Hayami announced that the BOJ would keep the policy rate at zero “until deflationary concerns are dispelled,” with the latter phrase…

…the peso is almost certain. Europe’s self-imposed fiscal austerity measures will crimp economic growth and deflation is bound to take over across Europe and relative to Asia. As such, recent…

…without an epic surge in exports. Here’s the death spiral: sharp austerity measures translate into unemployment, economic contraction, deflation, and yes, higher deficits. There’s just no way out of it….