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