This combined with the low level of business confidence in 1998 created deflationary pressures.
He was concerned about its net deflationary effect and the possible impact on the dollar.
Deflationary pressures led firms to pay in over-priced goods, in effect cutting wages and altering wage contracts.
Workers of many trades facing deflationary pressures were unsuccessful in obtaining legislative favor, even though they fell under the category of deserving poor.
It must not hinder growth or have a pronounced deflationary bias.
In the next section we present a simple proof ruling out deflationary bubbles that requires no additional assumptions.
The resulting equilibrium terminal conditions are then used to demonstrate that the existence of bonds does not affect when deflationary bubbles can and cannot occur.
Consequently, the contractionary effect of recessions is maximized on output, which moderates the deflationary effect on the price of the output produced in this industry.
