search query: @indexterm Economic growth / total: 1784
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| Author: | Lilico, A. |
| Title: | Could deflation be ideal? |
| Journal: | Economic Affairs
2003 : MAR VOL. 23:1, p. 44-48 |
| Index terms: | Deflation Economic growth Price level |
| Language: | eng |
| Abstract: | In a growing economy, slight systematic deflation is ideal. Nevertheless, adopting negative inflation targeting would not be stable. Instead, trend deflation under price-level targeting should be used. |
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