Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …

basic behavioral assumptions, we can identify the circulation of debt and money in a credit economy, and measure their … velocities separately. We thus discerned two different ways of how debt can contribute to economic growth — first from credit … to 2015. This study manifested that credit growth is a necessary but not sufficient condition for economic growth: the …

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …