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Recent Posts

What the Bank of Japan's stimulus shocker means for the global …

“Now is a critical moment for Japan to emerge from deflation ,” Bank of Japan governor Haruhiko Kuroda told reporters Friday, adding that signs of economic recovery have been clouded by global uncertainty, falling oil [...]

An Endeavour into Economics: ECLA Co-hosts the Minsky …

From November 26th to 27th, ECLA of Bard had the great opportunity to co-organize the annual Hyman P. Minsky Conference on Financial Instability together with the Levy Economics Institute of Bard College. … Any attempt to resolve this dependency would lead to a deflation of debt, which would force more austerity measures, which would further reduce the GDP and hinder debt reduction, thus creating a vicious circle that can throw European economies into … [...]