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Excess Debt and Asset Deflation

In: Macroeconomic Theory and its Failings

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  • Jan Toporowski

Abstract

This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought.

Suggested Citation

  • Jan Toporowski, 2010. "Excess Debt and Asset Deflation," Chapters, in: Steven Kates (ed.), Macroeconomic Theory and its Failings, chapter 13, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13728_13
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    References listed on IDEAS

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    1. Jan Kregel, 2008. "Minsky’s Cushions of Safety: Systemic Risk and the Crisis in the U.S. Subprime Mortgage Market," Economics Public Policy Brief Archive ppb_93, Levy Economics Institute.
    2. Bernanke, Ben & Gertler, Mark, 1989. "Agency Costs, Net Worth, and Business Fluctuations," American Economic Review, American Economic Association, vol. 79(1), pages 14-31, March.
    3. L. Randall Wray, 2008. "Financial Markets Meltdown: What Can We Learn from Minsky," Economics Public Policy Brief Archive ppb_94, Levy Economics Institute.
    4. Nicholas Kaldor, 1939. "Speculation and Economic Stability," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 7(1), pages 1-27.
    5. Julia S. Perelstein, 2009. "Macroeconomic Imbalances in the United States and Their Impact on the International Financial System," Economics Working Paper Archive wp_554, Levy Economics Institute.
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    Cited by:

    1. Marco Passarella, 2012. "Systemic financial fragility and the monetary circuit: a stock-flow consistent Minskian approach," Working Papers (-2012) 1202, University of Bergamo, Department of Economics.

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