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Recent Posts

Inflation | An Economics Project

Video we made on Inflation for our economics [...]

Why Minsky Matters (Part One) « Multiplier Effect

In particular, Krugman's equilibrium approach and primitive dynamics was contrasted to Minsky's rich analysis. Finally, Krugman's model of debt deflation dynamics left out banks—while banks always played an important role … [...]

EconoMonitor : Great Leap Forward » WHY MINSKY MATTERS …

In particular Krugman's equilibrium approach and primitive dynamics was contrasted to Minsky's rich analysis. Finally, Krugman's model of debt deflation dynamics left out banks–while banks always played an important role in … [...]

Caixin Online: The yen's looming day of reckoning | Odd Onion

Japan is on an unsustainable path of a strong yen and deflation . The unprofitability of Japan's major exporters and emerging trade deficits suggest that the end of this path is in sight. The transition from a strong to weak yen … [...]

Maley: smashing the yen to save Japan | Crikey

In an article published in the Chinese magazine Caixin, former Morgan Stanley chief Asian economist Andy Xie points out that Japan is presently in the grip of a sustained deflation that it has not experienced since the [...]

Fragility And Instability Are Part Of Global Capitalism And We Have …

Hyman Minsky's theory about capitalist development and financial instability is how I view global finance in general, and how I view investment strategy specifically. ….. The aforementioned is an example of debt deflation [...]

EconoMonitor : EconoMonitor » A Primer on Minsky

… and there has been at least one attempt to build a New Keynesian model of a key phenomenon in Minsky's hypothesis, a debt- deflation (Krugman and Eggertsson 2010). However, to those of us who are not new to Minsky , … [...]

Chinese Media Asserts a Japanese Bond bubble is About to Burst …

The sustainability of Japan's deflationary path depends on the market's confidence in Japan's debt market. As Japanese institutions and households hold almost all of the government's debts, their faith in the government's … [...]

Monetary policy: Those cautious central bankers | The Economist

NGDP targeting is not a magic bullet, but it is an effective shield against a debt- deflation / Minsky Moment scenario. It makes no difference where you draw your baseline for the NGDP level path, just that you draw a path and … [...]

BOJ Crosses Rubicon With Desperate Monetary Policy, Hirano Says …

Deflation holds back growth. The solution is more money, yet the BOJ sees more bond buying as a government bail-out. How strange is this? * * * * * J B K * * * * *. San Francisco. The Bank of Japan's decision to expand bond … [...]