The economy in Europe and the United States, Krugman argued, had fallen from glory and returned to a pre-World War II pattern of “depression economics,” in which its dominant features were shortages of aggregate demand, risks of deflation, financial crises, and liquidity traps.
Sus rasgos predominantes eran la escasez de demanda agregada, riesgos deflacionarios, crisis financieras y trampas de liquidez.