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AS/AD policy: Debt-deflation and hysteresis

http://www.youtube.com/v/kaEr7pJLC18?version=3&f=videos&app=youtube_gdata This clip briefly covers the question whether monetary and/or fiscal intervention are warranted to reduce the length of recession, in light of the risks of debt-deflation and/or hysteresis.

Read more here:
AS/AD policy: Debt-deflation and hysteresis

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