Disinflation and deflation equate to the same thing effectively the base line is variable to the money stock/flow per unit of time say 18 moths m/o/m y/o/y
You are over the target IMHO GSE - I predicted this in 2013 - but then QE intervened. Now there is nowhere to go and your assessment is quite correct. See Chapter 13 (you probably know the rest)
You are over the target IMHO GSE - I predicted this in 2013 - but then QE intervened. Now there is nowhere to go and your assessment is quite correct. See Chapter 13 (you probably know the rest)
https://www.researchgate.net/publication/358117070_THE_FINANCIAL_JIGSAW_-_PART_1_-_4th_Edition_2020