Tag Archive: Minsky

Are Asset Price Bubbles Needed to Make the US Economy Recover?

2013-04-22

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2013-04-22

us household and private wealth March 2013
About the trade-off between economic recovery and financial stability In the recent post on gold prices, we maintained that the Fed will raise interest rates far later than most FOMC members admit. This would imply that the years of financial repression will continue and investors will push up asset prices, incl. gold, instead. Many libertarians …

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7b) Major Schools of Economics

Free Market Economic Theories


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Minsky and Kindleberger

Costliest Banking Crisis


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Richard Koo: Balance Sheet Recessions

Ying Yang Cycle of Bubbles and Balance Sheet Recessions Richard Koo


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The Balance Sheet Recession: UK Q2 Housing Equity Injection Largest Since Q2 2011

2012-12-03

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2012-12-03

Gross Flow Withdrawals Injections BoE UK
The American-Taiwanese economist Richard Koo, is the chief-economist of the Nomura Research Institute. In his theory of the Balance Sheet Recession he distinguishes between the “Yang” phase of the economy and the “Yin” phase (the so-called “balance sheet recession”). In “Yang” times companies want to increase profit and people consume a big part of their pay …

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