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Biflation (sometimes mixflation) is a state of the economy in which both inflation and deflation of the prices of different types of assets occur simultaneously.〔Urban Survival Inside Report #62, December 29, 2002〕 The term was first introduced by Dr. F. Osborne Brown, a senior financial analyst for the Phoenix Investment Group.〔Dallas Economic Summit, 2003. "Inflation or Deflation. Why Choose?"〕 During biflation, there is a rise in the prices of commodity/earnings-based assets (inflation) and a simultaneous fall in the price of debt-based assets (deflation).〔(Biflation or Stagflation? It Could Be Both )〕 The prices of all assets depend on the demand for them and the volume of money in circulation to buy them. *On the one hand, an over-abundance of money is injected into the economy by central banks. Since most essential commodity-based assets (food, energy, clothing) remain in high demand, their prices rise due to the increased volume of money chasing them. The increasing costs of purchasing these essential assets are the price-inflationary arm of biflation. *On the other hand, there is increasing unemployment and decreasing purchasing power. As a result, more money is used to buy essential items and less is available to buy non-essential items. Assets such as large houses and expensive cars are less in demand. As a result, their prices fall: this is the price-deflationary arm of biflation. ==See also== *Agflation *Hyperinflation *Recession *Stagflation 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Biflation」の詳細全文を読む スポンサード リンク
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