Will We See Deflation II?

André Meier's answer is "probably not."

André Meier (2010), "Still Minding the Gap: Inflation Dynamics during Episodes of Persistent Large Output Gaps":

Abstract: This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally brought about significant disinflation, underpinned by weak labor markets, slowing wage growth, and, in many cases, falling oil...