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

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

• Profile Dirk Bezemer
• Contact: Dirk Bezemer

Household debt in OECD economies. Source: OECD

Debt shift in the Netherlands since 1990 until 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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