Press Releases | January 2008

Subprime Mortgage Crisis Could Trigger Full-Scale Debt Deflation if Housing Prices Continue to Fall

New Study from Levy Economics Institute Urges Banking Reforms, Says Current Credit Crunch Differs from Traditional “Minsky” Crisis
Mark Primoff

Publication Highlight

Public Policy Brief No. 156
Still Flying Blind after All These Years
The Federal Reserve’s Continuing Experiments with Unobservables
Author(s): Dimitri B. Papadimitriou, L. Randall Wray
December 2021

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