Instead, it was Keynes who was credited with figuring out how to end the Great Depression, even though there was almost nothing in the General Theory about the gold standard and a 30% deflation as the cause of the Great … But, as I have said before, those of us who learned this stuff from Blanchard, Dornbusch, Eichengreen, and Kindleberger–who made us read Bagehot, Minsky , Wicksell, Metzler, and company–have a huge intellectual advantage over [...]
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Japan spending down as deflation persists. Japanese unemployment inched up and household spending fell more sharply than expected in January, latest government data showed, but analysts said the nation's economic recovery was still … [...] TOKYO—The world's third-largest economy is still far from a strong recovery, new data show: Japan's core consumer prices fell again in January, indicating persistent deflationary pressure, while household spending recorded … [...] Japanese unemployment inched up and household spending fell more sharply than expected in January, latest government data showed, but analysts said the nation's economic recovery was still on track. Figures from the … [...] AFPJapan spending down as deflation persistsAFPTOKYO — Japanese unemployment inched up and household spending fell more sharply than expected in January, latest government data showed, but analysts said the … [...] Japan's core consumer prices fell year on year for the fourth consecutive month in January, suggesting mild deflation may persist this year as lacklustre wage growth curtails domestic [...] |
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