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A monetary Minsky model of the Great Moderation and the Great Recession

Keen, Steve - In: Journal of Economic Behavior & Organization 86 (2013) C, pp. 221-235

Steve Keen's model of Minsky's Financial Instability Hypothesis (Keen, 1995) displayed qualitative characteristics that matched the real macroeconomic and income-distributional outcomes of the preceding and subsequent fifteen years: a period of economic volatility followed by a period of...

Persistent link: https://www.econbiz.de/10010688121

Application of Minsky’s theory to state-dominated economies

Vymyatnina, Yulia; Pakhnin, Mikhail - Department of Economics, European University at St. … - 2014

The global financial crisis of 2007–2008, consequences of which continue to adversely affect the world economy, is often called a ‘Minsky crisis’. A prominent American economist Hyman Philip Minsky studied capitalist economic system paying special attention to its major properties, in...

Persistent link: https://www.econbiz.de/10011166253

A third era of credit theory? Endogenous money from Wolfgang Stützel's balance mechanics perspective

Ellermann, Christoph; Lindner, Fabian; Reissl, Severin; … - In: European Journal of Economics and Economic Policies: … 14 (2017) 1, pp. 13-22

We present an introduction to the translation of a part of the stock-flow consistent (SFC) framework published by the German economist Wolfgang Stützel in 1958, which follows in this issue. While not a quantitative model, Stützel's 'balance mechanics' has some features which still stand out...

Persistent link: https://www.econbiz.de/10014363282

Post-Keynesian economics How to move forward

Stockhammer, Engelbert; Ramskogler, Paul - In: Intervention. European Journal of Economics and … 06 (2009) 2, pp. 227-246

Post-Keynesian Economics (PKE) is at the crossroads. Post-Keynesians (PKs) have become effectively marginalized; the academic climate at universities has become more hostile to survival and the mainstream has become more diverse internally. Moreover, a heterodox camp of diverse groups of...

Persistent link: https://www.econbiz.de/10014363070

The Paradox of Tranquility Revisited. A Lotka-Volterra Model of the Financial Instability

PASSARELLA, Marco - In: Rivista Italiana degli Economisti 15 (2010) 1, pp. 69-104

The aim of this paper is to describe the financial vulnerability of corporate sector by means of a simple Lotka-Volterra model. This should allow us to soften Lavoie's criticism of Minsky's "Financial Instability Hypothesis" which is based on the so called "paradox of debt".

Persistent link: https://www.econbiz.de/10008475971

Post-Keynesian economics How to move forward

Stockhammer, Engelbert; Ramskogler, Paul - In: European Journal of Economics and Economic Policies: … 6 (2009) 2, pp. 227-246

Persistent link: https://www.econbiz.de/10010701868

Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung

Heise, Arne - 2018

In diesem Beitrag geht es darum, den Postkeynesianismus als paradigmatische Alternative zum herrschenden neoklassischen … Mainstream etwas näher kennenzulernen. Es zeigt sich sehr schnell, dass der Postkeynesianismus keine einheitliche Denkschule … Nachvollzug dieser Postulate aus dem axiomatischen Kern des Postkeynesianismus wird dann darauf verzichtet, dass Kaleidoskop …

Persistent link: https://www.econbiz.de/10011904077

Postkeynesianismus : ein heterodoxer Ansatz auf der Suche nach einer Fundierung

Heise, Arne - 2018

Persistent link: https://www.econbiz.de/10011898389

Monthly credit from and deposits in Swedish commercial banks, 1875-2020

Ahnland, Lars - In: Financial history review 30 (2023) 1, pp. 29-50

Persistent link: https://www.econbiz.de/10014320560

Různá pojetí endogenity peněz v postkeynesovské ekonomii: Reinterpretace do obecnější teorie

Lopušník, Ondřej - Institut ekonomických studií, Univerzita Karlova v Praze - 2010

The theory of endogenous money supply forms one of the cornerstones of Post Keynesian economics. It has been developing rapidly during the last twenty years, but is still neglected as a theoretical background for practical central bank policy. This may be (among other reasons) due to the...

Persistent link: https://www.econbiz.de/10008457136