Deflation
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
NBKR cuts rates as deflation bites
Broad-based drop in prices prompts 25bp rate cut
ECB prevented further eurozone deflation, BdF paper says
Researchers say inflation and GDP growth would have entered negative territory in 2015–17
Ageing population is deflationary – HKMA paper
Deflationary pressures “should not be ignored”, economist says
IMF concerned over Iceland’s inflation metrics
Inflation excluding housing near 60-year low for 2017, IMF reports
Japan does not need more large-scale stimulus to avoid deflation – Kuroda
Below-target inflation still requires ultra-low interest rates and asset purchases
ECB’s normalisation could spell trouble for Italy’s bond market
Rome’s budget row with Brussels escalates just as QE is about to halt
BoJ’s Kuroda in line for second term
Haruhiko Kuroda looks set to be the first governor to be reappointed in over 50 years
Deflation tends to de-anchor expectations – BIS paper
Deflationary episodes seem to render expectations lower and more backward-looking
Bank of Zambia to revamp ‘outdated’ supervisory framework
IMF praises the central bank’s efforts to inspect banking sector
Czech exchange rate floor helped fight deflation – IMF paper
Range of methods imply exchange rate floor was effective measure
BoE paper warns escape from secular stagnation may ‘beggar thy self’
Authors outline an unappealing situation where escaping secular stagnation harms domestic welfare
GDP calculation needs double deflation, says IMF paper
Single deflation techniques introduce errors which can be significant, authors argue
Armenia cuts again as deflation deepens
Board maintains inflation will rise in medium term
Asset prices can signal abnormal inflation rates, paper argues
But “transmission time can be quite long”, researchers say
Tonga central bank promotes ‘prudent lending’
National Reserve Bank of Tonga says bank lending rose by 12% in year to November
Polish governor says inflation will rise slower than expected
Poland’s policy rate remains unchanged as inflation stays negative
Eichengreen says central banks lack will not ability to tackle deflation
Central banks should consider more aggressive response, economist says
Greek deflation continues to bite
Greek domestic prices fell 1.3% year on year in July
Zhu Guangyao on global financial governance, divergent monetary policy and IMF reform
China's vice-minister of finance
Global economy in ‘unprecedented scenario’, says Linde
Linde expects a ‘return to more consistent performance curves’ in the future
Linde: ECB’s QE is already ‘bearing fruit’
Risk of deflation is now ‘further away’, says Linde
Bank of Korea torn between debt and demand
Monetary policy in Asia's fourth biggest economy complicated by debt burden