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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 …
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This paper presents a model addressing the conditions under which financial instability arises in the event of household debt. The model addresses two main cases. First, household debt is affected by functional income distribution. Second, household debt is affected by credit supply and depends...
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