Agriculture is yet another example of the deflationary
power of technology.
Globally around 20 central banks have eased policy this year to counter deflationary
pressures driven in part by the plunge in oil prices.
According to Dr Thomsen, the current state of deflationary
expansion has been rare since the 1800s; so rare, in fact, that it does not have a name of its own.
"I know there are concerns about deflation, but the economy has not entered a deflationary
phase," Lee said.
However, as the exchange rates of countries engaged in quantitative easing fall, they impose deflationary
pressures on the countries not pursuing quantitative easing because a rising exchange rate lowers import prices, profit margins, and real wages in the non-quantitative easing countries.
Meanwhile, the ECB's Governing Council meets on 9 January, and the urgent need to tackle the deflationary
bias is high on its agenda.
Brussels: Fears of a deflationary
spiral pushed the European Central Bank to cut its interest rate to a record low early this month, but falling prices are also affecting countries outside the eurozone.
The decline last year was smaller than a 0.3 percent drop in 2011, but it would be difficult for prices to turn higher from the current level of around zero percent for a while amid persistent deflationary
expectations by the public, said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance Co.
The welfare bill in the 1980s actually grew because of the consequences of the deflationary
economics of the Thatcher government.
If the forces in the world which are deflationary
, that we've talked about in terms of debt busts, prevail and the Fed doesn't do the Quantitative Easing II promptly, we could actually see some reversion in this relationship and a reduction in nominal yield, certainly given the sell-off in Treasuries that we've seen recently and the backup in nominal yields.
The SNB admitted that current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary
This paper explicates the claim that numbers are abstract objects introduced for the purpose of counting by combining a deflationary
account of abstraction as a device for picking out representatives for equivalence classes of concepts with a nonreductionist view of cardinality as a logical notion.