…but we’re not going to estimate that multiplier or this is going to get too complicated very quickly, particularly given the large swing from deflation to inflation that occurred in…

…is that by adopting the euro they’ve left themselves with no good way out of the aftereffects of the pre-2008 bubble. To regain competitiveness, they need massive deflation; but that…

…each surviving promise ballooned – currency deflated drastically and almost instantaneously. Huh? Isn’t inflation still piddling along at one or two percent? We are warned about deflation and we have…

…deflation. “First of all, if inflation isn’t sticky, how is it that the Fed can set short-term interest rates at all?” Second of all, there is a short-term nominal interest…

…that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the…

…“business confidence” and the usual consequences, “debt deflation” and “debt peonage.” Somebody must take a loss on the economy’s bad loans – and bankers want the economy to take the…

…more virulent L-shaped near-depression or stag-deflation (a deadly combination of economic stagnation and price deflation) like the one Japan experienced in the 1990s after its real estate and equity bubbles…

Robert Waldmann Krugman worries about deflation. He performs a simple calculation Now here’s the thing: the slump of the early 1980s produced the Great Disinflation, which brought the core inflation…

…way back to early 2004. This commodity flattening follows the sharp commodity recovery of 2002-03, which itself followed a protracted period of commodity deflation that reached back to the 1997-2001…

…the past year is fading as well. The one bright spot in the data is that there are hints that Japan’s deflation may be ending; and in my opinion, the…