Abstract The Private Debt Project interviews Lord Adair Turner, the Chairman of the Institute for New Economic Thinking and former Chairman of the UK Financial Services Authority on his new book “Between Debt and the Devil.” Lord Adair Turner, is the Chairman of the Board of the Institute for New Economic Thinking (INET). Prior to …
Abstract Papers from the second joint Private Debt Project-Center for Household Financial Stability, St. Louis Federal Reserve Bank conference on household indebtedness and its consequences. Special Conference: Tipping Points II:Understanding the Impact of Household Debt on Growth June, 2017 New York, New York The Private Debt Project and the Center for Household Financial Stability are …
Tipping Points II: Understanding the Impact of Household Debt on Growth Read More »
Abstract The French corporate sector’s debt has ballooned since the 2008 crisis. What changes to the economy have caused this and what does that mean for the future of the French and European economy? Francois-Rene Burnod, Columbia University 1 Private debt in France: An Introduction Since the 2008 crisis, French public debt has increased from …
What’s the Matter with France? The French Corporate Private Debt Binge, 2008-2016 Read More »
Abstract Richard Vague on private debt and the slowdown of growth Reprinted From Democracy Journal By Richard Vague, Managing Partner, Gabriel Investments Why does the IMF keep badly missing its global growth forecast? And what does that have to do with the 2016 presidential elections? In the years since the 2008 global crisis when the …
Welcome to the New, Slower Growth World: An Update on the Private Debt Crisis Read More »
Abstract Chris Miller asks how China’s debt-driven growth model fits into the larger history of developing states and if it can escape the pitfalls that ensnared others. By Chris Miller, Assistant Prof. of International History, Tufts Fletcher School of Law and Diplomacy Zhou Xiaochuan, the Governor of the People’s Bank of China, shocked observers in October …
Chinese Financial Development in Historical Context Read More »
Abstract CFP Private Debt Project Private Debt Project: Call for Proposals The Private Debt Project invites proposals for papers related to the study of private debt and its relationship to economic growth and financial stability. Founded in 2016, the Private Debt Project is a project of the Governor’s Woods Foundation dedicated to advancing the study …
Abstract Papers from Tipping Points III: Debt-Financed Homeownership – Its Evolution, Impact, and Future. This conference examines the way that home ownership has been financed in the United States and its impact on the finances of American households. Tipping Points III: Debt-Financed Homeownership – Its Evolution, Impact, and Future Washington D.C. October 2018 The Private …
Tipping Points III: Debt-Financed Homeownership – Its Evolution, Impact, and Future Read More »
Abstract Negative Interest Rates are a popular new economic policy idea. Thomas Palley argues that they might be dangerous and that other policies can be used to achieve the same goals without challenging financial stability. By Thomas Palley 1. Introduction In the wake of the Great Recession and ensuing Great Stagnation, central banks have increasingly …
Why a Negative Interest Rate Policy (NIRP) is Ineffective and Dangerous Read More »
Abstract How has economics explained why US households have been borrowing so much and what is missing? Apostolos Fasianos and Stephen Kinsella, University of Limerick 1. Introduction Over the last three decades, the stock of US household debt has ballooned. This can be explained by a number of developments—rising real estate prices, increasing inequality, stagnating real …
Abstract This paper examines the risks associated with an increase in non-financial corporate debt. It breaks down the sustainability of debt by sector and their resilience to financial shocks along standard sustainability metrics and improved measures of leverage that take into account the composition of debt. In doing so, it hopes to provide different parameters …
