Porada-Rochoń, Małgorzata; Škare, Marinko - In: Journal of business economics and management 21 (2020) 5, pp. 1375-1389
hypothesis in the form of a Minsky cycle (Minsky, 1963). Paper contribution range from explored causality links (financial cycles … cause business cycles) to the empirical estimation of the Minsky moment. We use Braitung and Candelon (2006) Granger … versions. Financial cycles lead business cycles. Business cycles are an economy reaction to them and change in the Minsky …