Debtonation? When and Why will it Happen?

Ann Pettifor

Chapter 6 in The Coming First World Debt Crisis, 2006, pp 145-162 from Palgrave Macmillan

Abstract: Abstract In this chapter I want to explore and list potential ‘debtonators’ — events or imbalances likely to trigger a prolonged First World debt-deflationary crisis. Included in the list is the threat posed by events related to climate change, like Hurricane Katrina; house price crashes; a rise in interest rates and a cut in consumer spending; the threat posed by the US deficit and a dollar collapse; and finally the oil price shock.

Keywords: Interest Rate; Central Bank; House Price; Current Account; Federal Reserve (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23675-2_7

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DOI: 10.1057/9780230236752_7

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