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  • 1 Department of Applied Economics I, Economic History, and Institutions, and Moral Philosophy, King Juan Carlos University, Campus of Vicalvaro, Faculty of Legal and Social Sciences, Paseo de los Artilleros s/n, Madrid, 28032, Spain
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Abstract

Deflation is widely feared and opposed. This paper provides arguments to explain the anti-deflationary bias. It is argued that governments favour inflation, that the main deflation theories have influenced negatively the public opinion on deflation, and that rent-seeking behaviour and group formation explains why the opposition to deflationary redistribution is stronger than the opposition to inflationary redistribution. Moreover, psychological concepts, such as anchoring, the endowment effect or the availability heuristic have contributed to the fear of deflation by causing a money illusion and a equalisation of deflation and recession.

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  • Mau, Vladimir
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Corvinus University of Budapest
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2020  
Total Cites 275
WoS
Journal
Impact Factor
0,875
Rank by Economics 325/377 (Q4)
Impact Factor  
Impact Factor 0,534
without
Journal Self Cites
5 Year 0,500
Impact Factor
Journal  0,38
Citation Indicator  
Rank by Journal  Economics 347/549 (Q3)
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Citable 37
Items
Total 37
Articles
Total 0
Reviews
Scimago 13
H-index
Scimago 0,292
Journal Rank
Scimago Economics and Econometrics Q3
Quartile Score  
Scopus 225/166=1,4
Scite Score  
Scopus Economics and Econometrics 392/661 (Q3)
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2019  
Total Cites
WoS
212
Impact Factor 0,914
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without
Journal Self Cites
0,728
5 Year
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0,650
Immediacy
Index
0,156
Citable
Items
45
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45
Total
Reviews
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Cited
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Citing
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Scimago
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12
Scimago
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Scopus
Scite Score
214/165=1,3
Scopus
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Economics and Econometrics 355/637 (Q3)
Scopus
SNIP
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Acta Oeconomica
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2021 Volume 71
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