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Krugman highlights the importance of identifying bubbles and isolates similarities between the onset of the GFC, The Great Depression, Japan's lost decade and the Asian financial crisis. He thoroughly analyses the symptoms leading to the GFC including US liquidity, disruption of capital flows and a bursting real-estate bubble that deflated in ...
This problem returned to prominence with Japan's experience during the 1990s and more recently with the American subprime crisis. Paul Krugman, Michael Woodford, [6] and Milton Friedman argued that a zero nominal interest rate presents no problem for monetary policy, as a central bank can increase the monetary base only if it continues buying ...
Paul Robin Krugman (/ ˈ k r ʊ ɡ m ə n / ⓘ KRUUG-mən; [4] [5] born February 28, 1953) [6] is an American New Keynesian economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York. He was a columnist for The New York Times from 2000 to 2024. [7]
New York Times (NYT) columnist and Nobel Prize-winning economist Paul Krugman says when economists and historians try to discern the causes of the global financial crisis, they'll have to look to ...
Princeton professor Paul Krugman won the Nobel prize last year for his work in global trade theory. But thanks to his work as a New York Times columnist, he is getting far more attention for his ...
Ballooning U.S. debt has stirred growing alarm on Wall Street, but economist Paul Krugman isn't worried and said you shouldn't be either. In a New York Times op-ed on Thursday, the Nobel laureate ...
The problem of the ZLB returned to prominence with Japan's experience during the 1990s, and more recently with the subprime crisis. The belief that monetary policy under the ZLB was effective in promoting economy growth has been critiqued by Paul Krugman, Gauti Eggertsson, and Michael Woodford among others.
Japanese Prime Minister Fumio Kishida is battling to stem the fallout from one of the biggest financial scandals to hit his ruling Liberal Democratic Party (LDP) in decades. Prosecutors have ...