Household debt in Greece is pretty low (70% of GDP, 2013), at least compared with countries like the Netherlands (139%, 2012), Denmark (149%, 2012) or Ireland (112%, 2012). Also, after 2010 Greek households paid [...]
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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 ,” [...] On a recent blogpost that I wrote there was some confusion in the comments section regarding Hyman Minsky's theories and their relationship to the phenomenon of rising asset prices. I have seen this confusion made many times … The money that was used to purchase them — whether debt financed or not — was a residual; an important residual, as Ponzi debts might lead to asset price deflations , but still a residual. In these theories debt does not cause anything … [...] The Japanese cupboard approved a file substantial spending budget for the subsequent financial year on Tuesday as component of the primary [...] 7. Japan's central bank will cancel all the government bonds that it has bought from the Japanese government. Japan's central bank will thus have less capital. The Japanese government will thus not have to pay 'interest', … [...] Dynamite Prize · Dynamite Prize in economics · economic journals · Economic Thought · economics profession · ethics · Minsky · neoclassical economics · Real World Economics Movement · revere award · Revolving-Door … [...] A relatively low-income, high-unemployment, stagnant recession to uncertain depth and duration will follow a debt- deflation process. Minsky completed Keynes. The theory that business cycles and fluctuations are a function … [...] |
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Could deflation hit Europe? | Talking Biz News
Anxieties are rising in the euro zone that deflation —the phenomenon of persistent falling prices across the economy that blighted the lives of millions in the 1930s—may be starting to take root as it did in Japan in the … [...]