Inside Debt and Economic Growth

Thomas Palley

Chapter 9 in Financialization, 2013, pp 145-161 from Palgrave Macmillan

Abstract: Abstract Chapter 4 explored the role of debt and financial market exuberance in the business cycle. Chapter 8 extended the analysis of cycles to incorporate the idea of a financial super-cycle that operates over several business cycles. This chapter further extends the time period of analysis to the long-run growth effects of financialization, particularly increased inside (that is, private sector) debt.1

Keywords: Capacity Utilization; Bond Market; Wage Bill; High Debt; Corporate Debt (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26582-1_9

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DOI: 10.1057/9781137265821_9

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