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the claim
A recession always causes deflation.
the verdict
CONTESTED PARTIAL
Recorded sources
3 sources for · 3 against
Is it true that a recession always causes deflation?
Partly. Evidence is mixed and only partial: some sources describe recessions producing falling prices (Japan 2009, crisis price corrections), while others note prices merely decelerate in downturns and that deflation can occur without recession (Hong Kong). None establishes the universal 'always' claim.
Verdict: CONTESTED PARTIAL · 3 sources for, 3 against · Last checked
Evidence for · 3
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Interindustry linkages of prices—Analysis of Japan’s deflation. (n.d.). doi.org. https://doi.org/10.1371/journal.pone.0228026
Evidence against · 3
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Deflation - Wikipedia. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Deflation
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More for · 2
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Why is deflation a likely short-term of an increase in M2?. (n.d.). economics.stackexchange.com. https://economics.stackexchange.com/questions/39186
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The new international financial crisis: causes, consequences and perspectives. (2011). doi.org. https://doi.org/10.1590/s0101-31572011000200003
More against · 2
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Shilling, A. G. (1999). Deflation. books.google.com. http://books.google.com/books?id=AIIpAQAAMAAJ&dq=A+recession+always+causes+deflation.&hl=&as_pt=BOOKS&source=gbs_api
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Why Did Large-scale Deflation Occur? What Did It Bring About?: From Hong Kong's Experiences in the First Half of the 2000s. (n.d.). cir.nii.ac.jp. https://cir.nii.ac.jp/crid/1871997867736047232
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