Sunday, February 26, 2012

Dirk Bezemer - Growth and Crisis: The Two Faces of Credit

At least since Joseph Schumpeter we know that credit is good for economic growth.
At least since 2007 we know that too much credit foreshadows financial turmoil. Inspired by Keynes and Minsky, Dirk Bezemer pieces together a cross-country data set of credit and debt, investigating whether the two faces of credit are different for different forms of credit. And using agent-based modeling, he strives to capture the interaction between the financial and the real -- this is new economic thinking.

About Dirk Bezemer:

Dirk works on the economics of growth and development. He conducted research on the economics of transition at Imperial College, University of London, and on agricultural and rural development at the Overseas Development Institute in London. He was employed by the UK Department for International Development as an Advisor before accepting a position at the University of Groningen
Information source here

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