Debt-deflation theory

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo gptkb:Great_Depression
gptkbp:describes relationship between debt and deflation
gptkbp:explains how falling prices increase real debt burden
how increased real debt leads to reduced spending
how reduced spending leads to economic contraction
https://www.w3.org/2000/01/rdf-schema#label Debt-deflation theory
gptkbp:influenced macroeconomic thought
gptkbp:proposedBy gptkb:Irving_Fisher
gptkbp:publicationYear 1933
gptkbp:publishedIn gptkb:Econometrica
gptkbp:relatedTo gptkb:economic_policy
financial crises
aggregate demand
deflationary spiral
debt overhang
gptkbp:bfsParent gptkb:Irving_Norton_Fisher
gptkbp:bfsLayer 6