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Recent Posts

Abeconomics and the Japan Deflation: Kuroda's speech to the LSE …

First, his analysis of the Japan deflation , and the nature of deflation , is exactly the same as the one used in the Gestaltz blogs on Abeconomics and in the Economics series offered by the blog. Second, he mentions [...]

Greek deflation at record and could threaten future recovery from recession – economy

Greece’s severe recession continues to dissuade people from spending money, further dragging down… euronews, the most watched news channel in Europe [...]

Smith & Keynes: Where DSGE Modeling Needs to Go Next: Away …

The current preoccupation with debt harks back to a long tradition in economic analysis, from Fisher's (1933) theory of debt deflation to Minsky's (1986) back-in-vogue work on financial instability to Koo's (2008) concept of … [...]

Fisher on Debt Deflation – Social Democracy for the 21st Century

“The Debt- Deflation Theory of Great Depressions,” Econometrica 1.4: 337–357. Raines, J. Patrick and Charles G. Leathers. 2008. Debt, Innovations, and Deflation : The Theories of Veblen, Fisher, Schumpeter and Minsky [...]