Tuesday, May 8, 2012

Erin Haswell — A Closer Look at Three Sectors’ Financial Balances


A Closer Look at Three Sectors’ Financial Balances
by Erin Haswell

(h/t Tom Hickey at Mike Norman Economics)


Understanding of the sectoral balances approach helped a number of economists and analysts forecast the Great Recession in advance. Today it continues to illuminate the different struggles of nations within Europe and the future risks to the global economy. 

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