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Definition of Deflation

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Definition: Deflation occurs when prices are declining over time. This is the opposite of inflation; when the inflation rate (by some measure) is negative, the economy is in a deflationary period.

Terms related to Deflation:

About.Com Resources on Deflation: Writing a Term Paper? Here are a few starting points for research on Deflation:

Books on Deflation:

  • Japan's policy trap - Akio Mikuni and R. Taggart Murphy, Brookings Instiution Press, 2002.
  • Deflation - A. Gary Shilling, Lakeview Pub., 1998.
  • Cycles of inflation and deflation : money, debt, and the 1990s - G. Leigh Skene, Praeger, 1992.
Journal Articles on Deflation:
  • Inflation crises, deflation, and growth: further evidence - Hans-Jürgen Engelbrecht and Chris Langley, Applied Economics 33, no. 9 (2001): 1157-1165.
  • Economic crises and the debt-deflation episode in Thailand - Bhanupong Nidhiprabha, Sage Public Administration Abstracts 27, no. 1 (2000).
  • ASIA - Measuring China's Economy - An inside glimpse of capital investment, deflation and, of all things, a strange agricultural productivity boom. - Andy Xie, The International economy. 16, no. 2, (2002): 46.

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