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Recent Posts

Why QE May Lead to DEFLATION In the Long Run Washington's Blog

Quantitative easing (QE) was supposed to stimulate the economy and pull us out of deflation . But the third round of quantitative easing (“QE3?) in the U.S. failed to raise inflation expectations. And QE hasn't worked in Japan [...]

Yen-Pinching Undercuts Japan's Push Against Years of Deflation …

But as Mr. Abe faces pressure to show results in his fight to lead Japan out of deflation , he is urging cash hoarders like Ms. Nishimura to change their modest mind-sets — for the economy's sake, as well as for their [...]

Deflation: The Failed Macroeconomic Paradigm Plumbs New …

deflation is the symptom. Lack of adequate demand is the cause. The consequences of recession are fatal to many people, but the economy does not “die.” It gets very sick for years and causes terrible, wasteful, and  … [...]

Good news: Japan is finally defeating deflation. Bad news: Japan is …

Japan seems like it is finally turning the tide in its decades-long battle with deflation . Broad-based, persistent declines in prices are a drag on economic growth. (If prices are falling, it's a good idea to hold off on spending and  … [...]

Japan's War On Deflation Gets A Boost As Consumer Prices Rise At …

Japan's war on deflation got a boost last month with a key inflation indicator rising at its fastest pace in 15 years, new data showed on Friday, as Tokyo battles to reverse years of falling prices. Stripping out volatile food and  … [...]

Essays in Monetary Theory and Policy: On the Nature of Banking …

The system has undergone a dramatic transformation over the development of the capitalist economy, and Minsky spent a large amount of time studying this transformation. ….. These government supports played an extremely important role in the evolution of the capitalist economy – not only was the government the main source of financing for the economy, but the indebtedness of firms and households was very low due to the significant deflation that resulted from  … [...]

MINSKY DOES RIO: Notes from a Conference | New Economic …

It is part of a bigger project to take Hyman P. Minsky global. In my view, Minsky was hands-down the greatest economist of the second half of the twentieth century and he deserves the attention he's getting. Watch for an  … [...]

Shinzo's Samurai – Fighting Deflation in Japan | The Principal Blog

During a recent visit to the United States, the message of Japan's prime minister Shinzo Abe to President Obama was “ Japan is back!” This is Abe's economic battle cry in his fight to end two decades of deflation , meager … [...]

BOJ candidates Haruhiko Kuroda promised to beat deflation

Japan's economy has struggled with deflation for many years, seen as a challenge to sustainable growth. “If I am approved as Bank of Japan governor, I believe it will be my most important duty to ensure the price stability goal … [...]

Kuroda Pledges to Do Whatever Needed to Combat Japan Deflation …

Bloomberg Kuroda Pledges to Do Whatever Needed to Combat Japan Deflation Bloomberg Haruhiko Kuroda, nominated to be the next Bank of Japan [...]