Linked from

The 21 pages that link to Deflation, each with the reason it gives.

• Great DepressionRelated: Falling prices increased the real burden of debts and discouraged spending.

• InflationCompared with: It reverses inflation’s broad effect on the purchasing power of money.

• Gold standardRelated: Gold scarcity or reserve outflows could restrict money and intensify falling prices.

• StagflationCompared with: Deflation is the opposite price movement from the persistent inflation present in stagflation.

• Liquidity TrapRelated: Deflation can raise real borrowing costs at zero nominal rates and deepen a liquidity trap.

• HyperinflationCompared with: Deflation raises money’s purchasing power, the opposite direction from hyperinflation.

• Real wageCompared with: Falling prices can raise purchasing power even when nominal wages stay unchanged.

• Price indexCompared with: The same index can record falling prices as well as inflation.

• Purchasing powerCompared with: Unlike inflation, falling prices can increase what a fixed sum can buy.

• Panic of 1893Related: Falling prices increased the real burden of debts and worsened financial distress.

• Commodity moneyRelated: A limited supply of monetary commodity can constrain money growth and contribute to falling prices.

• Panic of 1873Related: Falling prices and wages prolonged hardship and increased the real burden of debts.

• Ben BernankeRelated: Falling prices increased debt burdens and constrained monetary policy in the Depression.

• Economic crisisRelated: Falling prices can raise the real burden of debt and discourage spending.

• Free SilverNarrower topic: Falling prices increased the real burden of debts and helped explain farmers’ support for free silver.

• Long DepressionRelated: Falling prices defined a major feature of the period, though they did not always mean falling output.

• Lost DecadesRelated: Falling prices increased the real burden of debt and discouraged spending.

• Price RevolutionCompared with: It is the opposite movement to the prolonged inflation defining this episode.

• Panic of 1819Related: Falling prices increased the real burden of debts during the downturn.

• Takahashi KorekiyoCompared with: Takahashi’s monetary expansion aimed to end the deflation associated with the earlier gold-standard policy.

• Economic depressionRelated: Persistent price declines can encourage delayed purchases and increase the real weight of debt.