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Issues in economics: what is the cost of deflation?


  • Jeffrey Fuhrer
  • Geoffrey M. B. Tootell


A steady decline in the core rate of inflation over the past few years has prompted the question: What are the economic consequences when the inflation rate drops below zero?

Suggested Citation

  • Jeffrey Fuhrer & Geoffrey M. B. Tootell, 2004. "Issues in economics: what is the cost of deflation?," Regional Review, Federal Reserve Bank of Boston, issue Q 4 2003 , pages 2-5.
  • Handle: RePEc:fip:fedbrr:y:2004:i:q42003/q12004:p:2-5

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    Cited by:

    1. David Beckworth, 1982. "Aggregate Supply-Driven Deflation and Its Implications for Macroeconomic Stability," Cato Journal, Cato Journal, Cato Institute, vol. 2(3), pages 363-384, Winter.

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    Deflation (Finance);


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