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Recent Posts

The Grumpy Economist: Deflation links

http://krugman.blogs.nytimes.com/2009/02/04/about-that- deflation -risk/ “So we're really heading into Japanese -style deflation territory” http://krugman.blogs.nytimes.com/2009/07/02/smells-like- deflation / “So tell me why [...]

The Grumpy Economist: Deflation Skeptics

In other words: If Japan is in a twenty year recession caused by persistent deflation , we (Italians) have been in a twenty-year disaster that is much worse, and this notwithstanding that the Italian inflation rate, in the same [...]

Don't be afraid of deflation | Edward Hadas – Reuters

They identified 73 five-year periods of price decline and found “virtually no evidence” of any link between deflation and decreased output. The record of contemporary Japan – often cited as an example of the dangers of  … [...]

Deflation Watch: New Year's scorecard – The Japan Times blogs

Deflation Watch: New Year's scorecard. January 12th, 2014 by Philip Brasor & Masako Tsubuku. Bottomless: Bargain bulk sale on diapers at discount store. In a chat with Nobel Prize-winning economist and New York Times columnist Paul  … [...]

The Fed, Fearing Japan-Style Deflation, Will Keep Printing Money …

There's no doubt that Ben Bernanke, Janet Yellen and other Fed officials are very much aware of what has happened in Japan , and they'll do everything they can to prevent the United States from going down the same  … [...]

Deflation watch: Kabocha | Yen for Living – The Japan Times blogs

Deflation watch: Kabocha. July 1st, 2013 by Philip Brasor & Masako Tsubuku. Japanese pumpkin, raw and prepared. The main story at the heart of Abenomics as far as the Japanese media is concerned is that Japanese exporters are making  … [...]

Forex News: Japanese CPI Maintains Deflation, Market Weighs BoJ …

The Takeaway: Japan CPI prints -0.3% National CPI, better than forecasts > Japan makes slow progress on stimulus > Yen slowly declines (USDJPY rises). The Japanese Yen edged lower as Japan released a slew of  … [...]

What is Modern Monetary Theory, or “MMT”? « naked capitalism

The great virtue of modern, fiat money is that it can be managed flexibly enough to prevent *both* deflation and also any truly damaging level of inflation – that is, a situation where prices are rising faster than wages, or where both are ….. Some of MMT's other notable academic progenitors include Hyman Minsky , Abba Lerner and, more recently, the English economist Wynne Godley, whose emphasis on achieving consistency in the analysis of economic stocks and … [...]

Bank Of Japan Meeting: The St. Valentine's Day Massacre | Global …

In December 1999 Ben Bernanke delivered a paper titled Japanese Monetary Policy: A Case of Self-Induced Paralysis? whereby he criticized the Bank of Japan for not doing enough to stem the deflation that had plagued … [...]

Time To Be Long The Yen – In Times Of De-Leveraging – Seeking …

Friday's surprisingly high Japanese CPI data (only 0.1% deflation on a yearly basis) reversed the negative sentiment towards the Japanese Yen. As Christopher Vecchio explains, the stronger yen might also cause a fall in all … [...]