Debt Deflation Worries: a Restatement
There has recently been a marked increase in concern of debt deflation worries particularly in the euro zone. This is the second time in the past recent years that widespread interest about this relevant economic phenomenon has come to the fore, the first being during and in the aftermath of the Asian crisis and Japan great stagnation, and the second being after the current financial turmoil stemmed from the US and propagating later in Europe. After an overview of the relevant insights by the debt-deflation school in this paper I try to update these analysis and findings to understand the causes and consequences of nowadays debt deflation process.
Year of publication: |
2014-05
|
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Authors: | Sau, Lino |
Institutions: | Centro di studi sulla storia e i metodi dell'economia politica "Claudio Napoleoni" (CESMEP), Facoltà di Scienze Politiche |
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