Minsky's Financial Fragility Hypothesis: a Missing Macroeconomic Link?.

The paper examines an important contribution of Hyman P. Minsky to Post-Keynesian economic analysis: his financial fragility hypothesis. Because of its lack of Keynesian macroeconomic foundation, the authors show how his famous hypothesis is built on a rather faulty theoretical analysis. Moreover, by studying data from Canada and other OECD countries, the paper also seeks to demonstrate why Minsky hypothesis is based on a shaky empirical one.

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Year of publication:	1999
Authors:	Lavoie, M. ; Seccareccia, M.
Institutions:	Département d'Économie / Department of Economics, Université d'Ottawa / University of Ottawa
Subject:	MONEY \| FINANCIAL MARKET \| CANADA

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E12 - Keynes; Keynesian; Post-Keynesian
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005368887