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In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work - at the time … that he was first developing his financial instability approach. In an earlier piece (Wray 1992), I closely examined Minsky … wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work …
Persistent link: https://www.econbiz.de/10010513077
In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work--at the time … that he was first developing his financial instability approach. In an earlier piece (Wray 1992), I closely examined Minsky … wrote in 1987 on "securitization"), he consistently held an endogenous money view. I'll refer briefly to that published work …
Persistent link: https://www.econbiz.de/10011141199
In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work — at the time … that he was first developing his financial instability approach. In an earlier piece (Wray 1992), I closely examined Minsky … wrote in 1987 on “securitization”), he consistently held an endogenous money view. I'll refer briefly to that published work …
Persistent link: https://www.econbiz.de/10013030729
Neo-Schumpeterian economics inspired by the work of Schumpeter and the financial Keynesianism of Minsky are often …" of financial products, through securitization. This allows on the one hand to broaden the application of Neo … applying the Financial Instability Hypothesis of Minsky to the alternative context of financial production. We maintain that …
Persistent link: https://www.econbiz.de/10011943174
This paper uses the occasion of the twenty-fifth anniversary of Basil Moore's book, Horizontalists and Verticalists, to … reassess the theory of endogenous money. The paper distinguishes between horizontalists, verticalists, and structuralists. It …Anlässlich des fünfundzwanzigsten Jahrestages des Basil Moore Buchs "Horizontalists and Verticalists", beschäftigt sich …
Persistent link: https://www.econbiz.de/10010201643
the theory, derived from his recognition of bank deposits as means of exchange, was to treat their out of equilibrium …
Persistent link: https://www.econbiz.de/10009373110
The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use … detailed micro level information to construct quarterly historical measures of inequality from 1969 to 2012. We investigate … whether monetary policy shocks played a role in explaining this increase in inequality. We find that contractionary monetary …
Persistent link: https://www.econbiz.de/10011431334
The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use … detailed micro level information to construct historical measures of inequality from 1968 to 2008. We study whether monetary … monetary policy shocks lead to a deterioration in earnings and income inequality and contribute to its fluctuation. Our …
Persistent link: https://www.econbiz.de/10010480347
.g. leverage and risky assets). Our estimates imply that softer monetary policy increases income inequality. …
Persistent link: https://www.econbiz.de/10013347177
June Flanders (2015) provides a useful introduction to Hyman Minsky’s views on banking and macroeconomics. Minsky …
Persistent link: https://www.econbiz.de/10011152481