Debt Deflation Model

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A Debt Deflation Model is an macroeconomic model that recessions are due to the overall level of debt rising in real value because of deflation.



References

2020

  1. Pilkington, Philip (February 24, 2014). “Keynes' Liquidity Preference Trumps Debt Deflation in 1931 and 2008".
  2. Minsky, Hyman (1992). “The Financial Instability Hypothesis".
  3. Steve Keen (1995). “Finance and economic breakdown: modelling Minsky’s Financial Instability Hypothesis", Journal of Post Keynesian Economics, Vol. 17, No. 4, 607–635