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A Theory of Minsky Super-Cycles and Financial Crises
Palley, Thomas I. - 2009
This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach … Schumpeter (1939) and Kondratieff. Post Keynesians have devoted considerable attention to the medium term dimension of Minsky …'s thinking. The current paper concentrates on the long swing dimension and introduces the idea of "Minsky super-cycles." It is …
Persistent link: https://www.econbiz.de/10010460476
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A theory of Minsky super cycles and financial crises
Palley, Thomas I. - 2009
This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach … Schumpeter (1939) and Kondratieff. Post Keynesians have devoted considerable attention to the medium term dimension of Minsky …'s thinking. The current paper concentrates on the long swing dimension and introduces the idea of "Minsky super-cycles." It is …
Persistent link: https://www.econbiz.de/10003861625
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Time scales and mechanisms of economic cycles : a review of theories of long waves
Bernard, Lucas; Gevorkyan, Aleksandr V.; Palley, Thomas I. - In: Review of Keynesian economics 2 (2014) 1, pp. 87-107
Persistent link: https://www.econbiz.de/10010248907
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A Theory of Minsky Super-Cycles and Financial Crises
Palley, Thomas I. - Institut für Makroökonomie und Konjunkturforschung … - 2009
This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach … Schumpeter (1939) and Kondratieff. Post Keynesians have devoted considerable attention to the medium term dimension of Minsky …'s thinking. The current paper concentrates on the long swing dimension and introduces the idea of "Minsky super-cycles." It is …
Persistent link: https://www.econbiz.de/10005026913
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Time scales and mechanisms of economic cycles: a review of theories of long waves
Bernard, Lucas; Gevorkyan, Aleksandr V.; Palley, Thomas I. - In: Review of Keynesian Economics 2 (2014) 1, pp. 87-107
€“Kaldor–Kalecki's demand and investment-oriented theories of cycles; and Minsky's financial instability hypothesis whereby capitalist economies …
Persistent link: https://www.econbiz.de/10011133432
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Financialization: what it is and why it matters
Palley, Thomas I. - 2008
risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10003744541
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Financialization: what it is and why it matters
Palley, Thomas I. - 2007
debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10010266625
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Financialization: What it is and Why it Matters
Palley, Thomas I. - 2007
risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10009467755
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The economics of deleveraging: The aftermath of financialization
Palley, Thomas I. - In: Intervention. European Journal of Economics and … 07 (2010) 2, pp. 401-413
. The first step is when a borrowing boom ends. The second step is when agents increase saving and re-pay debt. Borrowing … by accumulated debt burdens. With deleveraging, households increase saving and re-pay debt which deepens the economic … slowdown. Repayment reduces debt, helping economic activity eventually to recover. …
Persistent link: https://www.econbiz.de/10014363104
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Financialization: What it is and Why it Matters
Palley, Thomas I. - 2008
risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10010460461