The breadth of disinflation
AbstractIn recent months, inflation as measured by the personal consumption expenditures price index has been trending lower. This slowdown, known as disinflation, has raised concerns that inflation might actually drop below zero and enter a period of deflation. An examination of the distribution of inflation rates across the range of goods and services that compose the index suggests that downward pressures on inflation are relatively high by historical standards.
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Bibliographic InfoArticle provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter.
Volume (Year): (2010)
Issue (Month): dec6 ()
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"The Lucas Critique and the Volcker Deflation,"
American Economic Review,
American Economic Association, vol. 74(2), pages 211-15, May.
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"Seven Faces of "The Peril","
Federal Reserve Bank of St. Louis, issue Nov, pages 613-628.
- Ben S. Bernanke, 2002. "Deflation: making sure "it" doesn't happen here," Speech 530, Board of Governors of the Federal Reserve System (U.S.).
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