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...
Saved in:
| In: | URI:https://journals.openedition.org/regulation, |
|---|---|
| Main Author: | |
| Format: | Article ou chapitre numérique |
| Language: | Anglais |
| Published: |
Revue de la régulation
2014
|
| Subjects: | |
| Online Access: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |