Focal Interest
Focal Interest

Deflation

  1. Tweets showed more acceptance of price hikes after 2021
    Study examines how Japanese Twitter users' attitudes toward price increases shifted after 2021, revealing erosion of decades-old deflationary norms and growing acceptance of inflation.
  2. Liquidity-trap spillovers differ sharply across asset-supply shocks
    Examine how asset market shocks transmit across borders differently in liquidity traps versus normal times, using a heterogeneous-agent framework with financial frictions.