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Recent Posts

Minsky and Hayek: Connections at macroresilience

Hayek only supported the prevention of secondary deflationary spirals. Minsky supported aggressive and early monetary interventions (e.g. lender-of-last-resort programs) as well as fiscal stimulus. However, although Minsky   … [...]

Stefan Karlsson's blog: Abe Exporting Deflation From Japan

The popularity of “Abenomics” among non-Japanese pro-inflationists is puzzling for many reasons. One is, as I've noted before, the fact that Japan with its 4% unemployment rate was already very close to full employment, so even [...]

Japan Factory Output Slides as Economy Stalls | Asia Pacific …

Highlighting persistent deflation which has plagued Japan much method of the past decade, the core consumer price index fell 0.3 percent in the year to August, more than expected, separate data presented. Overall … [...]