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Minsky’s Upward Instability: the Not-Too-Keynesian Optimism of a Financial Cassandra
Antoni, Elisabetta De - Dipartimento di Economia e Management, Università … - 2008
According to this work, the ‘financial instability hypothesis’ is not an interpretation of The General Theory as Minsky … (1975, 1986) thought. Keynes and Minsky undoubtedly have much in common. Specifically, both of them recognize the limits of … individual and collective rationality. Minsky, however, introduced an upward instability that seems totally foreign to The …
Persistent link: https://www.econbiz.de/10005465247
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stabilization policies and banking behaviors: a rereading of Minsky’s conception of business cycles
Nasica, Eric - In: Cahiers d’économie politique / Papers in Political … (2014) 67, pp. 207-229
analysis of the conception of business cycles developed by Minsky in his earliest work at the end of the 1950s. …
Persistent link: https://www.econbiz.de/10011122329
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The "Keynesian moment" in policymaking, the perils ahead, and a flow-of-funds interpretation of fiscal policy
Terzi, Andrea - 2010
With the global crisis, the policy stance around the world has been shaken by massive government and central bank efforts to prevent the meltdown of markets, banks, and the economy. Fiscal packages, in varied sizes, have been adopted throughout the world after years of proclaimed fiscal...
Persistent link: https://www.econbiz.de/10008657988
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The ‘Keynesian Moment’ in Policymaking, the Perils Ahead, and a Flow-of-Funds Interpretation of Fiscal Policy
Terzi, Andrea - 2010
With the global crisis, the policy stance around the world has been shaken by massive government and central bank efforts to prevent the meltdown of markets, banks, and the economy. Fiscal packages, in varied sizes, have been adopted throughout the world after years of proclaimed fiscal...
Persistent link: https://www.econbiz.de/10013138873
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It takes two to tango : a reply to our MMT critics
Drumetz, Françoise; Pfister, Christian - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 78-89
We reply to the critics who contributed the other papers in the same issue of this journal. In the first part of the article, we indicate those remarks addressed to us, which we deem inappropriate to answer. The second part deals with the remarks we find useful to answer, which relate to money,...
Persistent link: https://www.econbiz.de/10014433718
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Appropriate fiscal policy over the business cycle: Proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10010270872
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Appropriate Fiscal Policy over the Business Cycle: Proper Stimulus Policies Can Work
Graves, Philip E. - CESifo - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008498997
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Forty years of real-estate bubbles in the US and the macroeconomy: a Keynesian perspective
Walther, Herbert - In: European Journal of Economics and Economic Policies: … 16 (2019) 3, pp. 381-402
This paper presents a dynamic, non-linear, stock–flow consistent aggregate Keynesian model with a banking sector, a household sector, a government sector, and a real-estate sector, to study the interactions between booms and busts in the real-estate sector and the macroeconomy. Using this...
Persistent link: https://www.econbiz.de/10014363364
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Fiscal policy, unemployment insurance, and financial crises in a model of growth and distribution
Hannsgen, Greg - 2012
Recently, some have wondered whether a fiscal stimulus plan could reduce the government's budget deficit. Many also worry that fiscal austerity plans will only bring higher deficits. Issues of this kind involve endogenous changes in tax revenues that occur when output, real wages, and other...
Persistent link: https://www.econbiz.de/10009534182
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Fiscal Policy, Unemployment Insurance, and Financial Crises in a Model of Growth And Distribution
Hannsgen, Greg - 2012
Recently, some have wondered whether a fiscal stimulus plan could reduce the government's budget deficit. Many also worry that fiscal austerity plans will only bring higher deficits. Issues of this kind involve endogenous changes in tax revenues that occur when output, real wages, and other...
Persistent link: https://www.econbiz.de/10013106453