The Paradox of Tranquility Revisited. A Lotka-Volterra Model of the Financial Instability

The aim of this paper is to describe the financial vulnerability of corporate sector by means of a simple Lotka-Volterra model. This should allow us to soften Lavoie's criticism of Minsky's "Financial Instability Hypothesis" which is based on the so called "paradox of debt".

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Year of publication:	2010
Authors:	PASSARELLA, Marco
Published in:	Rivista Italiana degli Economisti. - Società Italiana degli Economisti - SIE, ISSN 1593-8662. - Vol. 15.2010, 1, p. 69-104
Publisher:	Società Italiana degli Economisti - SIE
Subject:	Financial Instability Hypothesis \| Heterodox Approaches \| Post-Keynesian Economics

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Type of publication:	Article
Classification:	B50 - Current Heterodox Approaches. General ; E12 - Keynes; Keynesian; Post-Keynesian ; E32 - Business Fluctuations; Cycles ; E44 - Financial Markets and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008475971