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Public Policy Brief 
of Bard College
The Levy
Economics Institute
   L   E   V   Y   I   N   S   T   I   T   U   T   E
No. 73, 2003
ASSET AND DEBT DEFLATIONIN THE UNITED STATES
How Far Can Equity Prices Fall?
PHILIP ARESTIS AND ELIAS KARAKITSOS
®
 
Public Policy Brief 
ASSET AND DEBT DEFLATIONIN THE UNITED STATES
How Far Can Equity Prices Fall?
PHILIP ARESTIS AND ELIAS KARAKITSOS
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