Explainer: what is reflation and is Australia experiencing it?
- Written by Lee Smales, Associate Professor, Finance, Curtin Graduate School of Business, Curtin University
Since the 2007 global financial crisis, policy makers have been fighting deflationary (falling prices) and disinflationary (prices rising at slow rate) pressures. But the global economy finally appears to be entering reflation – a period of higher prices together with stronger growth.
This is good news for households, businesses and...
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