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Inaugural lecture Dirk Bezemer: Why Dutch debt tells us economic growth may be fragile | 14 March

08 March 2017
Dirk Bezemer
Dirk Bezemer

How does the financial sector help, hurt or hinder the economy? Dirk Bezemer will give his inaugural address on this topic on 14 March, as he accepts a professorship in the economics of international financial development at the University of Groningen. His research into this issue builds on the theory of Hyman Minsky (1919-1996), an American economist. Minsky described how over the course of a long financial cycle, investors will shift towards riskier and more speculative investments. Read more in Bezemer’s blog post ‘Why Dutch debt tells us economic growth may be fragile’.

More information

Household debt in OECD economies. Source: OECD

Household debt in OECD economies. Source: OECD

Debt shift in the Netherlands since 1990 until the 2008 crisis. Source: DNB

Debt shift in the Netherlands since 1990 until the 2008 crisis. Source: DNB

Debt shift in the Netherlands since the 2008 crisis. Source: DNB
Debt shift in the Netherlands since the 2008 crisis. Source: DNB

Further reading

  • Bezemer, D., & Samarina, A. (2016). Debt Shift, Financial Development and Income Inequality in Europe. SOM Research Reports; Vol. 16020-GEM.
  • Bezemer, D., M. Grydaki & L Zhang, (2016) More mortgages, Lower Growth? Economic Inquiry, 54(1), 652-674.
  • Bezemer, D. & M. Hudson (2016), Finance is not the Economy: Reviving the Conceptual Distinction. Journal of Economic Issues. 50, 3, p. 745-768 24 p.
  • Zhang, L., & Bezemer, D. (2015). A global house of debt effect? Mortgages and post-crisis recessions in fifty economies. SOM Research Reports; Vol. 15009-GEM.
  • Bezemer, D., & Grydaki, M. (2014). Financial fragility in the Great Moderation. Journal of Banking & Finance, 49, 169-177.
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