Statements (17)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:coinedBy |
gptkb:Paul_Krugman
|
| gptkbp:describes |
situation where efforts to reduce debt can worsen economic downturns
|
| gptkbp:effect |
deflationary pressures
falling aggregate demand lower economic growth |
| gptkbp:example |
gptkb:2008_financial_crisis
|
| https://www.w3.org/2000/01/rdf-schema#label |
paradox of deleveraging
|
| gptkbp:involves |
simultaneous debt reduction by many agents
|
| gptkbp:occurredIn |
financial crises
|
| gptkbp:opposedBy |
individual rationality leads to collective irrationality
|
| gptkbp:relatedTo |
gptkb:paradox_of_thrift
|
| gptkbp:solvedBy |
government stimulus
policy intervention |
| gptkbp:studiedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:paradox_of_thrift
|
| gptkbp:bfsLayer |
6
|