Debt deflation and the company sector: the economic effects of balance sheet adjustment.: An article from: National Institute Economic Review

This digital document is an article from National Institute Economic Review, published by National Institute of Economic and Social Research on May 1, 1993. The length of the article is 6585 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Irving Fisher's debt-deflation theory asserts that economic booms are related with over-indebtedness and that debtors resort to distress selling to correct this. The consequences include decline in prices, increase in the real value of the debt and a fall in the net worth of the business as well as a decrease in output, trade and employment. The extent to which industrial and commercial companies are affected by over-indebtedness is determined by analyzing their financial positions and through macroeconomic model simulation.

Citation Details
Title: Debt deflation and the company sector: the economic effects of balance sheet adjustment.
Author: Garry Young
Publication:National Institute Economic Review (Refereed)
Date: May 1, 1993
Publisher: National Institute of Economic and Social Research
Issue: n144 Page: p74(11)

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