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Author Archive | Milka Kazandziska

Figure 6

Wages and Deflation in Japan

  Wages and Depressions Sooner or later any bubble bursts, leading to falling asset prices as investors flee to safe liquidity.  Distress selling and debt liquidation by the market participants follow.  For Irving Fisher (1933), it is of key importance that an asset price deflation leads — via falling asset prices and a distorted financial […]

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