Domingo Cavallo, 13 November 2009

Domingo Cavallo, former minister of economy and minister of foreign affairs in Argentina, talks to Romesh Vaitilingam about the dangers of a future resurgence in world inflation, as economies that have adopted very expansionary monetary and fiscal policies in response to the crisis are tempted to ‘inflate away the debt’. The interview was recorded at the Global Economic Symposium in Schleswig-Holstein in September 2009.

Enrique Mendoza, 12 February 2009

This column rehabilitates Irving Fisher’s debt-deflation theory to explain the current crisis. It suggests that fiscal stimulus will do little to prevent the crisis from becoming a protracted slump because the problem lies in finance. A cure will require reversing deflation and restarting the credit system.

Carmen Reinhart, 26 January 2009

Financial crises are historically associated with the “4 deadly D’s”: Sharp economic downturns follow banking crises; with government revenues dragged down, fiscal deficits worsen; deficits lead to debt; as debt piles up rating downgrades follow. For the most fortunate countries, the crisis does not lead to the deadliest D: default, but for many it has.

Pages

Events

CEPR Policy Research