As such, the PBoC will need to maintain counter cyclical policies in order to avoid a deflationary spiral.

Golden spiral

Italy s Downward Spiral

Golden spiral sections

NGC 4038 was a barred spiral galaxy and NGC 4039 was a spiral galaxy.

My spine curves spiral.

This vicious spiral of rising deficits and debt would be likely to push interest rates even higher, causing the spiral to accelerate.

Today, Europe has been hit again by a massive deflationary shock.

OK, so here, this is the book spiral.

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As it moves along the Earth's orbit, it winds in a spiral about it, in which each loop of the spiral takes one year.

Policy as a whole over the entire euro zone is too deflationary.

So let's call it the death spiral of negativity.

In fact, I see it more as a spiral.

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The deflationary debt trap is threatening to destroy a still incomplete political union.

First, there was no automatic deflationary pressure following from some alleged peculiarity of the adjustment mechanism. The question of overall deflationary or inflationary impact depended (and still depends) on the total quantity of money.

Slower growth means less revenue, and a faster downward spiral.

Following the 1929 stock market crash, Europe was hit by a massive deflationary shock.

UNCTAD stressed the role of diversification in avoiding this downward spiral.

With China retaining its under valued currency policy, dollar depreciation can aggravate global deflationary forces.

Deflationary pressures eased in Japan but firm evidence that deflation has ended is still awaited.

One major concern relates to the destabilizing and deflationary feedbacks among trade, debt and finance.

The risk of a vicious, self reinforcing downward spiral would rise sharply.

Stop and go aid has left Haiti in an unmitigated downward spiral.

That drives up affected governments borrowing costs further, fueling a downward spiral.

A spiral of frustration and antagonism must not be allowed to develop.

First, there was no automatic deflationary pressure following from some alleged peculiarity of the adjustment mechanism.

MADRID The Middle East is caught in a seemingly endless spiral of instability.

This galaxy group consists of the spiral galaxies M65, M66, and NGC 3628.

It simply reflects the recessionary (or deflationary) force of weak global demand hanging over the world economy.

The way out of a deflationary trap is to first induce inflation and then to reduce it.

Rockets often spiral out of control if you put too much propellant in them.

Advanced countries moved to prevent a downward spiral using monetary and fiscal policy tools.

On both counts, confidence is undermined, and a downward spiral is set in motion.

Abe is right about one thing Japan needs to get out of its no growth and deflationary trap.

Thus, deflationary pressure will to some extent result in downward quantity adjustments, which will deepen the real crisis.

The question of overall deflationary or inflationary impact depended (and still depends) on the total quantity of money.

Further falls in commodity prices already down 30 from their summer peak will add to these deflationary pressures.

In these circumstances, domestic deflationary policies will only further slow growth and are helpless to stem imported inflation.

The principle behind this is that collective insurance would be cheaper, and therefore less deflationary, than self insurance.

Abe is right about one thing Japan needs to get out of its no growth and deflationary trap.

This militarized approach is leading the world into a downward spiral of violence and conflict.

To halt this downward spiral, Ireland s risk of insolvency needs to be put to rest.

Faced with depressed private investment and consumption, rising fiscal deficits can play a useful role, offsetting the deflationary effects.