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Recent Posts

An Estimated DSGE Model with a Deflation Steady State | NEP-DGE …

This paper estimates a medium-scale DSGE model with a deflation steady state for the Japanese economy during the period from 1999 to 2013, when the Bank of Japan conducted a zero interest rate policy and the [...]

Noahpinion: Japan and the liquidity trap

Certainly, liquidity trap models are consistent with one important piece of the Japan story: the coupling of persistent deflation with zero nominal interest rates. As I said in the update to my last post, liquidity trap models might be  … [...]

Activist Post: Some Questions about Deflation

Japan , according to Bloomberg “has been battling deflation for more than a decade, with the average annual 0.3 percent decline in prices since 2000 damaging economic growth”. The New York Times reports that Japan's … [...]

Some Questions about Deflation

Japan , according to Bloomberg “has been battling deflation for more than a decade, with the average annual 0.3 percent decline in prices since 2000 damaging economic growth”. The New York Times reports that Japan's … [...]

Models Building On Minsky | Web review of economics

In a recent video Robert Prechter says the Dollar's Hit a “Major Bottom” and that a deflationary depression is coming. … Thomas I. Palley (2011) “A Theory of Minsky Super-Cycles and Financial Crises”, Contributions to Political [...]

Philip Pilkington: Nobel Laureate Paul Krugman Selectively Quotes …

Post-Keynesian economist and sometimes Naked Capitalism contributor Steve Keen wrote a cogent article critiquing a Paul Krugman paper on Minsky and debt deflation . The key issue was that the so-called money multiplier … [...]

Cheap chic Uniqlo booms in deflationary Japan | Fashion Member

Cheap chic Uniqlo booms in deflationary Japan . Posted on March 18, 2012 by admin. Tokyo's high-end shopping district of Ginza was back at its booming best this week with hundreds of shoppers queueing up to spend their cash, in an echo … [...]

Bear Market Issues: Misunderstanding the Crisis

As we shall see, this is a parody of Minsky's Hypothesis. He devoted slightly more space to Irving Fisher and his debt- deflation theory, but what he presented was likewise a parody of Fisher's views, rather than a serious … [...]

Inflation and Deflation, Part 3b.

Some additional thoughts on the subject of inflation and deflation covering two topics: the influence that human perception has on the economy; and, how momentum behind the current system will most likely lead to continued deflationary pressures in the broad economic landscape. Can the US dollar collapse? www.youtube.com Can US dollar remain world’s currency? Pt.2 www.youtube.com Can US dollar remain world’s currency? Pt.3 [...]