Summary: Perhaps the most important frontier in microeconomics is the effect of debt on growth, especially private sector debt (government debt has different dynamics). Many economists have attempted to integrate debt levels into mainstream theory (e.g., Hyman Minsky). While so far unsuccessful, research has produced many useful insights. Here is a new study with a […]
Read Full Story from Fabius Maximus website http://fabiusmaximus.com/2016/02/02/nber-research-household-debt-slows-economic-growth-93697/
This article by Editor of the Fabius Maximus website originally appeared on fabiusmaximus.com on February 02, 2016 at 01:00PM
