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Australia versus the US and the UK : the kangaroo economy
Keen, Steve - In: Banking systems in the crisis : the faces of liberal …, (pp. 193-222). 2013
Persistent link: https://www.econbiz.de/10009631105
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A monetary Minsky model of the Great Moderation and the Great Recession
Keen, Steve - In: Journal of economic behavior & organization : JEBO 86 (2013), pp. 221-235
Persistent link: https://www.econbiz.de/10009726189
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Burying Samuelson's multiplier-accelerator and resurrecting Goodwin's growth cycle in Minsky
Keen, Steve - In: Feedback economics : economic modeling with system dynamics, (pp. 495-519). 2021
Samuelson's Multiplier-Accelerator model is based on the economic mistake of adding together desired investment and actual savings to derive aggregate expenditure, when it is the sum of actual investment and actual savings. Its fluctuations are not a model of the business cycle, but convergence...
Persistent link: https://www.econbiz.de/10012604509
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Emergent macroeconomics : deriving Minsky's financial instability hypothesis directly from mdcroeconomic Definitions
Keen, Steve - In: Review of political economy 32 (2020) 3, pp. 342-370
Persistent link: https://www.econbiz.de/10012310575