I think it goes something like this: Production function (thus supply-side) → AS consequently there are: if ΔP/P(ex...
I'm not very sure about current relevance of "Okun's law" ... some form of aggregate production function would be more appropriate, obviously...
Hummer also won't work if you apply it in a wrong way, thus to make economic theories work - just study and understand it up to adequate level......
That's not a surprise - many economists are already expected some sort of such shifts/rejection/delays in payments schedule. IMF/EU and other...
I think it's false statement - from economics perspective all what happened here - is just simple price level adjustment rather than real wealth...
Wealth isn't 'destroyed' - investors just get rig from illusions about real value of their wealth. Quite a big part of assets (mostly debitors...
Separate names with a comma.