One could argue this is exactly what the Fed has desired, which is an environment of reflationary
stimulus amid a normalisation of monetary policy.
span style="font-size: small;">Standard Chartered Bank's Wealth Management Advisory Outlook 2018 predicts a continued gradual pivot to a more reflationary
outcome, combining modestly stronger economic growth with rising inflation.
The 10 per cent fall in the US Dollar Index has also historically been a reflationary
tailwind for the UAE property markets.
Events outside the region - particularly in the United States - are contributing to the reflationary
narrative," Tilton wrote.
The strength and resilience of the recovery tends to foster our confidence that reflationary
forces will gradually support a return of headline inflation towards a level that is below, but close to, 2% over the medium term.
Monetary policy is still the only game in town - tightening by major central banks remains the key risk - but the reflation euphoria that followed Donald Trump's election has now died down, with the reflationary
policies that he promised failing to be implemented.
Risks of a Japan-style debt-deflation spiral for most advanced economies--and notably in the eurozone--are real, even though reflationary
forces are at play.
Is the theory behind the reflationary
school one that says anything goes if it works on people's expectations?
This likely will help re-energize global reflationary
expectations, although most investors may wait for Friday's key labor market update before adjusting their portfolios,' Citi said.
8 billion -- since 2010, "as gold ended a three-year losing streak and reflationary
spirits were rekindled by the potential policies of the president-elect.
In his classic 1944 book International Currency Experience, Ragnar Nurkse argued that reflationary
policies following the collapse of the gold standard of the 1920s operated by lowering currencies' foreign exchange value, with the 1931 devaluation of the British pound unleashing a spate of competitive devaluations worldwide.
Some economists say such a decision would be an indication that three years of Abe's reflationary
policies have failed to fundamentally strengthen the economy and shift growth into a higher gear.