Difference between revisions of "Debt-deflation"
(Created page with "Debt-deflation is a theory according to which an unexpected fall in the price level redistributes real wealth from debtors to creditors and, therefore, reduces total spend...") |
(No difference)
|
Latest revision as of 14:17, 2 July 2020
Debt-deflation is a theory according to which an unexpected fall in the price level redistributes real wealth from debtors to creditors and, therefore, reduces total spending in the economy.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Debt-deflation. A theory according to which an unexpected fall in the price level redistributes real wealth from debtors to creditors and, therefore, reduces total spending in the economy.
