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Recent Posts

Debt deflation in action: Greece | Real-World Economics Review Blog

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 [...]

Sweden reacts as Krugman likens price slip Japanese style deflation

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 ,” [...]

Minsky's Theory of Asset Prices: Why Minsky Was NOT a Neo …

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  … [...]

Deflation in Greece: rapidly increasing | Real-World Economics …

Almost exactly a year ago (Jan 20), Tyler Cowen asked the question: 'Why is there still inflation in Greece' while, somewhat earlier (Oct 26, 2012), I stated that 'In Greece, deflation and not inflation is the [...]

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  … [...]

Japan approves record budget and drops 'deflation' from key …

The Japanese cupboard approved a file substantial spending budget for the subsequent financial year on Tuesday as component of the primary [...]

Japan Drops "Deflation" From Economic View As Prices Pick Up

Japan dropped the term ” deflation ” in describing its economy for the first time in four years amid signs of consumer prices picking up, an indication the government has made progress in its battle with 15 years of grinding price  … [...]

aangirfan: EXPECT DEFLATION FOLLOWED BY INFLATION?

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',  … [...]

Deflation in Greece | Real-World Economics Review Blog

Dynamite Prize · Dynamite Prize in economics · economic journals · Economic Thought · economics profession · ethics · Minsky · neoclassical economics · Real World Economics Movement · revere award · Revolving-Door  … [...]

Transcript: Technology and Growth, the Business Cycle, Minsky and …

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  … [...]