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Recent Posts

Closing Dinner Remarks — The Hyman P. Minsky … – EconoMonitor

But it seems to me that that, based upon the history of the past decade, Professor Minsky would have insisted that the profession re-examine the roots of inflation and deflation . That is, as Minsky already knew, that [...]

Will Japan Re-enter Deflation in April 2015? – EconoMonitor

Reading the most recent statements from Bank of Japan Governor Haruhiko Kuroda or Finance Minister Taro Aso you would get the impression that the days of deflation are now well and truly numbered in Japan [...]

Draghi has yet to banish the threat of deflation – The A-List – Blogs …

Stating that deflation will be avoided is one thing, making sure it will be avoided is another thing altogether. It's too easy to forget that, in the mid-1990s, most economists thought Japan was about to embark on a modest [...]

Sweden reacts as Krugman likens price slip Japanese style deflation

Policy makers are uniting against Krugman after the Nobel Laureate likened price developments in Scandinavia's biggest economy to Japan's battle with deflation . “I'm surprised that he's drawing parallels to Japan ,” [...]

Euro Area — “deflation” versus “lowflation” | iMFdirect – The IMF Blog

… and real interest rates, less relative price adjustment, and greater unemployment. Along with Japan's experience, which saw deflation worm itself into the system, this argues for a more pre-emptive approach by the [...]

Japan govt raises econ view, deflation easingJapan … – CME Group

Japan's government raised its view on the economy for a third straight month in July and said deflation was abating as a result of the nation's expansionary policy mix of monetary easing and generous spending. View All  … [...]

EcPoFi – Economics, Politics, Finance: Government's Monetary and …

Larger and more frequent interventions become necessary to fend off debt deflations and recessions. Minsky correctly criticized neo-classical economics for largely minimizing the impact that financial markets can have on … [...]

NAKED KEYNESIANISM: This time is different, after all

It is well known, and it has been discussed in this blog, that the crisis has been to a great extent associated to the fact that wage stagnation has led to the accumulation of increasingly more unsustainable levels of private debt (echoes of both Godley and Minsky , from the Levy Institute). … The main difference between the current Great Recession with the previous two recessions is that private debt falls (below the zero line) as a result of deleveraging (debt- deflation [...]

Europe: This Time It's Serious

I have spent most of the last twenty years covering Asian markets and watching Japan deal with debt- deflation . Japan was never this bad. At least when the Japanese realized their policy mistakes they then quickly reversed … [...]

Open Markets and the “Deflation Spiral” in Japan | ZeroHedge

Wolf Richter www.testosteronepit.comEver since Toyotas and Hondas were forcing Detroit to shape up the hard way, the US government has pushed Japan to open up its markets, particularly its automotive market, and the … [...]