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Stock markets around the world continued to be weakened by concerns over Asia's financial crisis and its potential deflationary effects.
In the UK, rising inflation now threatens the ability of the Bank of England to use monetary policy to counteract the deflationary effects of the government's spending cuts.
At the November inflation report press conference, Mervyn King said Threadneedle Street's monetary policy committee would "look through the short-term rise in inflation" in the expectation that the deflationary effects of rising levels of unemployment coupled with weak earnings growth would keep price rises firmly in check.
He was the only business economist who warned of the tax hike's deflationary effects and the danger of derailing Abenomics.
Since the Bitcoin protocol calls for a finite number of circulating coins, there will be more deflationary effects with this digital currency.
The ongoing de-industrialization increases inequality, and a debt-intensive credit boom emerged to compensate for the deflationary effects of this structural change.
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The deflationary effect feels retroactively dire, to the extent that I have popped over to moma to see if his early works suffer from it.
While all of these are contributing factors, the major factor, in our view, is the deflationary effect of technology, which our measurement systems fail to account for.
This Monaco side are nowhere near the level of Pep Guardiola's team, but the deflationary effect of an early miss is the same.
What's more, China's monetary conditions are tightening fast.Nor is China's deflationary effect on global tradable-goods prices about to end.
To offset the deflationary effect of a "good" supply shock, the bank would have to lower interest rates to stimulate the domestic economy.
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