dipity

Created by dipity on Nov 20, 2008

Last updated: 10/31/10 at 01:54 AM

• Financial Instability
  Dec 14, 2009 9:57 PM

  Hyman Minsky's financial instability hypothesis and its implications for our economy. Hyman Minsky: en.wikipedia.org Monetary Reform: www.youtube.com

• Chris Colvin: The spectre of the Great Depression looms large again
  Oct 13, 2008 12:10 PM

  Excerpt ...elsewhere, even at banks which have not lent money to borrowers affected by deflation. The American economist Irving Fisher first put the concept of debt-deflation forward in the journal Econometrica (pdf) in 1933. His was largely ignored or forgotten... Source Info Guardian Unlimited Related Topics
  http://www.guardian.co.uk/commentisfree/2008/oct/13/economy-banking2

• Mishkin: Can Inflation Be Too Low?
  Mar 27, 2008 2:51 PM

  Excerpt ...dangerous for an advanced economy, in which debt contracts often have long maturities. As described by Irving Fisher (1933), an episode of deflation can lead to "debt deflation," that is, a substantial rise in the real indebtedness of households and firms,... Source Info Calculated Risk Related Topics
  http://feeds.feedburner.com/~r/CalculatedRisk/~3/259446328/mishkin-can-inflation-be-too-low.html

• Does Deflation Increase Aggregate Demand?
  Jan 11, 2007 3:59 PM

  Excerpt ...in aggregate demand and thus more unemployment. The second effect was already expressed in Keynes (1931) and in Irving Fisher (1933) and is known as the "Debt-Deflation Effect". Effectively, if prices decline, then the real value of private wealth increases,... Source Info Angry Bear
  http://angrybear.blogspot.com/2007/01/does-deflation-increase-aggregate.html