Inflation, recession and the burden of private debt
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...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11479 |