Liquidity traps or Minsky crises: a critical review of the recent U.S. recession and Japan's Heisei recession in the 1990s

Author:

Chow Peter C. Y.,Foster Kevin R.

Publisher

Informa UK Limited

Subject

Economics and Econometrics

Reference25 articles.

1. Baily, M. N.; Litan, R. E.; and Johnson, M. S. "The Origins of the Financial Crisis." Initiative on Business and Public Policy at Brookings, Paper no. 3, Brookings Institution, Washington, DC, November 2008 (available at www.brookings.edu/~/media/Files/rc/papers/2008/11_origins_crisis_baily_litan/11_origins_crisis_baily_litan.pdf)

2. Board of Governors of the Federal Reserve. "Flow of Funds Accounts." Washington, DC, 2009 (available at www.federalreserve.gov/datadownload/

3. Deciphering the Liquidity and Credit Crunch 2007-2008;M. Brunnermeir;Journal of Economic Perspectives,2008

4. Cochrane, J. "How Did Paul Krugman Get It So Wrong?" Working Paper, Booth School of Business, University of Chicago, 2009 (available at http://faculty.chicagobooth.edu/john.cochrane/research/Papers/krugman_response.htm

5. DeLong, J. B. "The Financial Crisis of 2007-2009: Causes, Consequences—And Likely Cures." Working Paper, University of California at Berkeley and National Bureau of Economic Research, Cambridge, 2009a.

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