| http://www.w3.org/ns/prov#value | - However, a deflationary recession may differ in one respect from ???normal??? recessions in which the inflation rate is at least modestly positive: Deflation of sufficient magnitude may result in the nominal interest rate declining to zero or very close to zero.2 Once the nominal interest rate is at zero, no further downward adjustment in the rate can occur, since lenders generally will not accept
|
