2013 | OriginalPaper | Chapter
Inside Debt and Economic Growth
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Chapter 4 explored the role of debt and financial market exuberance in the business cycle. Chapter 8 extended the analysis of cycles to incorporate the idea of a financial super-cycle that operates over several business cycles. This chapter further extends the time period of analysis to the long-run growth effects of financialization, particularly increased inside (that is, private sector) debt.1