by Summary:
My presentation to the Central Bank of Malaysia’s annual conference. Covers the empirical relationships between private debt, public debt and unemployment that imply: (1) Change in private debt drives employment; and (2) Unemployment drives change in public debt. I then cover the fallacies that led economists to ignore banks and private debt in macroeconomics, and ...
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Steve Keen considers the following as important:
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My presentation to the Central Bank of Malaysia’s annual conference. Covers the empirical relationships between private debt, public debt and unemployment that imply: (1) Change in private debt drives employment; and (2) Unemployment drives change in public debt. I then cover the fallacies that led economists to ignore banks and private debt in macroeconomics, and ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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