Assertion: private debt | /r/CapableOf | remain absent
Facets:
value: from mainstream macroeconomic models
type: OTHER
Source sentences:
text: The following decades saw occasional mention of deflationary spirals due to debt in the mainstream, notably in The Great Crash, 1929 of John Kenneth Galbraith in 1954, and the credit cycle has occasionally been cited as a leading cause of economic cycles in the post-WWII era, as in (Eckstein & Sinai 1990), but private debt remained absent from mainstream macroeconomic models.