Journal Article

Debt-deflation and corporate finance


Abstract: A discussion of the theoretical dangers faced by an overleveraged, debt-based economy, featuring lessons for the 1980s based on the historical context of Irving Fisher's noted 1933 analysis of the macroeconomic effects of excessive debt accumulation.

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1987

Issue: Mar

Order Number: 2