A “Minsky crisis” in a Stock-Flow Consistent model
This study uses the Stock-Flow Consistent modelling approach to assess the relevance of Minsky’s demonstration of his financial instability hypothesis. We show that this demonstration, based on the assumption of a pro-cyclical leverage ratio, is incompatible with the Kaleckian analysis of profits en...
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| Veröffentlicht in: | URI:https://journals.openedition.org/regulation, |
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| 1. Verfasser: | |
| Format: | Article ou chapitre numérique |
| Sprache: | Anglais |
| Veröffentlicht: |
Revue de la régulation
2014
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| Online Zugang: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |