Contagion: When the Emperor Coughs

Pierre Lemieux

Chapter Chapter 10 in The Public Debt Problem, 2013, pp 143-153 from Palgrave Macmillan

Abstract: Abstract We think we know an economic crisis when we see one: it typically includes bankruptcies, unemployment, lower incomes, lower consumption, lower investment, uncertainty, and fear. Sometimes, it is accompanied by def lation (drop in the price level), or even by inf lation like in the early 1980s. But what exactly is an economic crisis?

Keywords: Central Bank; Money Supply; Hedge Fund; Public Debt; Government Security (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31302-7_10

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DOI: 10.1057/9781137313027_10

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