A stock-flow consistent general framework for formal Minskyan analyses of closed economies

This paper proposes a fully consistent and general "Minskyan artificial economy" and uses it to analyze a small but representative sample of "formal Minskyan" models. It concludes that these models often assume oversimplified hypotheses that do not do justice to Minsky's literary analyses and, more seriously, do not always take into full consideration the logical implications of these hypotheses.

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Year of publication:	2005
Authors:	SANTOS, CLAUDIO H. DOS
Published in:	Journal of Post Keynesian Economics. - M.E. Sharpe, Inc., ISSN 0160-3477. - Vol. 27.2005, 4, p. 712-735
Publisher:	M.E. Sharpe, Inc.
Subject:	financial fragility \| Minsky \| stock-flow consistency

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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