Confidence and financial crisis in a post-Keynesian stock flow consistent model

The paper aims at showing that one of the main channels by which the US 2007 financial crisis became a real and global economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and households' expectations and confidence, thus leading to what they were fearing. And I propose to model expectations and the state of confidence of private agents to use the indexes calculated by national statistical services from monthly polls.

MoreLess

Year of publication:	2011
Authors:	Le Heron, Edwin
Published in:	Intervention. European Journal of Economics and Economic Policies. - ISSN 2195-3376. - Vol. 08.2011, 2, p. 361-387
Publisher:	Marburg : Metropolis-Verlag
Subject:	confidence \| financial crisis \| stock-flow-consistent modelling

More details

Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.4337/ejeep.2011.02.09 [DOI] hdl:10419/277225 [Handle] RePEc:elg:ejeepi:v:8:y:2011:i:2:p361-387 [RePEc]
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E27 - Forecasting and Simulation ; E41 - Demand for Money ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E47 - Forecasting and Simulation ; E51 - Money Supply; Credit; Money Multipliers ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	EconStor

Persistent link: https://www.econbiz.de/10014363131