Since 2014
Inflation, recession and the burden of private debt
PSL Quarterly Review
View Archive Info| Field | Value | |
| Title |
Inflation, recession and the burden of private debt
|
|
| Creator |
MCCLAM, W.D.
|
|
| Subject |
—
Debt, inflation, balance sheet problems, recession, cyclical decline E31, F32, E32 |
|
| Description |
The paper seeks to show that sectoral balance-sheet positions can develop along unstable lines as a result of both long-term and special short-term factors. The emergence of balance-sheet problems may therefore render an economy more vulnerable than usual to cyclical decline. This does not mean that a sharp recession may become unavoidable, but it does have important implications for the mix and strength of macro-economic policy. Attention is focused mainly on debt relationships in the United States, but its conclusions are based partly on comparisons with debt behaviour in Germany, Italy and the United Kingdom.
|
|
| Publisher |
Economia civile
|
|
| Contributor |
—
|
|
| Date |
2014-01-02
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
|
| Format |
application/pdf
|
|
| Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11479
|
|
| Source |
PSL Quarterly Review; Vol 28, No 113 (1975)
PSL Quarterly Review; Vol 28, No 113 (1975) 2037-3643 ISSN 2037-3635 |
|
| Language |
eng
|
|
| Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11479/11346
|
|
| Rights |
Copyright (c) 2016 W.D. MCCLAM
http://creativecommons.org/licenses/by-nc-nd/4.0 |
|