Iancu, Aurel - In: Journal for Economic Forecasting (2011) 1, pp. 230-256
and features characteristic of three generations of models; 2. Models based on financial instability hypothesis, taking … into account the dynamics of financial market, as well as the role of uncertainty, interdependency and dynamic complexity …. We present here Minsky’s concept of financial instability and then analyse the content of some simplified models. …