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Recent Posts

Is deflation bad? – EconLog – Library of Economics and Liberty

Everyone knows that deflation is bad. Bad, bad, bad. Why is it bad? Well, we learned it in school. We learned it from the pundits on the news. The Great Depression. Japan . What, are you crazy? It's bad. Here, let [...]

Debt deflation in action: Greece | Real-World Economics Review Blog

Household debt in Greece is pretty low (70% of GDP, 2013), at least compared with countries like the Netherlands (139%, 2012), Denmark (149%, 2012) or Ireland (112%, 2012). Also, after 2010 Greek households paid [...]

Draghi on Why the Euro Area Is Not Sliding into Deflation like Japan …

Draghi on Why the Euro Area Is Not Sliding into Deflation like Japan Did. June 3, 2014. History and economic history is full of rationalizations that “this time is different.” So it seems to be with the ECB officials, who have defended their [...]

Imported Deflation and a New Currency War? | Zero Hedge

Japan is not exporting deflation to the euro area. Here's why. And the dollar's role a the major reserve asset remains quite stable despite the perennial forecasts of its [...]

Japanese Deflation is Far From Dead | Waltham Economy of Asia …

When Bank of Japan Chairman Haruhiko Kuroda took the reins of the Japanese central bank in late 2012, he was tasked with jumpstarting an economy that had been languishing since the 1990s. GDP growth was slow, the  … [...]

Haruhiko Kuroda: Overcoming deflation with quantitative and …

Remarks by Mr Haruhiko Kuroda, Governor of the Bank of Japan , at the International Financial Symposium, hosted by the Institute for International Monetary Affairs, Tokyo, 19 March [...]

Euro Zone Deflation Risk

Europe seemed to be in better economic shape but Eurozone inflation is back at the worryingly low levels. Patrice Muller, London [...]

Minsky's Theory of Asset Prices: Why Minsky Was NOT a Neo …

On a recent blogpost that I wrote there was some confusion in the comments section regarding Hyman Minsky's theories and their relationship to the phenomenon of rising asset prices. I have seen this confusion made many times … The money that was used to purchase them — whether debt financed or not — was a residual; an important residual, as Ponzi debts might lead to asset price deflations , but still a residual. In these theories debt does not cause anything  … [...]

Euro zone deflation – why does it matter to investors? – By Tom Elliott

Broadly speaking, euro zone policy makers fall into two camps: first, those who see what happened when Japan entered a negative debt- deflation , which contributed to the two 'lost decades' of approximately 1990 to [...]

Don't be afraid of deflation | Edward Hadas – Reuters

They identified 73 five-year periods of price decline and found “virtually no evidence” of any link between deflation and decreased output. The record of contemporary Japan – often cited as an example of the dangers of  … [...]