This paper points out that the concept of an endogenous credit-money supply was endorsed by Keynesian and anti-Keynesian scholars alike, past as well as present. The main purpose of the present paper is to show that the origins of many aspects of Minsky's financial fragility hypothesis can be...

Recently, Vogelsang (1999) proposed a method to detect outliers which explicitly imposes the null hypothesis of a unit root. It works in an iterative fashion to select multiple outliers in a given series. We show, via simulations, that under the null hypothesis of no outliers, it has the right...

Exploring a variant of the model of Aghion and Bolton Yields the following results. When an incumbent seller is constrained to price linearly, an exclusionary vertical contract Pareto-dominates spot sales by smoothing prices across states of the world ( potential entrant does or does not appear).