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The Great Depression and Great Recession are examples of Minsky's Financial Instability Hypothesis (FIH). Explain Minsky's FIH and, despite the level of private sector debt
- The Great Depression and Great Recession are examples of Minsky's Financial Instability Hypothesis (FIH). Explain Minsky's FIH and, despite the level of private sector debt being much higher in 2008 than 1930, why the impact on the real economy from the Great Recession was significantly less than the Great Depression.
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Environmental Economics
Authors: Stephen Smith
6th Edition
0199583587, 9780199583584
