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Unemployment, income distribution and debt-financed investment in a growth cycle model
Sordi, Serena; Vercelli, Alessandro - In: Journal of Economic Dynamics and Control 48 (2014) C, pp. 325-348
factors. This paper works out a simple model that couples a version of Goodwin׳s (1967) growth cycle model of real … insights from Goodwin and Minsky within a model of fluctuating growth. In the real part of the modelwe introduce the …
Persistent link: https://www.econbiz.de/10011077511
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Heterogeneous expectations and strong uncertainty in a Minskyian model of financial fluctuations
Sordi, Serena; Vercelli, Alessandro - In: Journal of Economic Behavior & Organization 83 (2012) 3, pp. 544-557
We examine the role of expectations in a model aimed to explain financial fluctuations. The model restates the core of Minsky's financial instability hypothesis, focusing on the role of expectations. The hypotheses concerning the process of formation and revision of expectations are discussed in...
Persistent link: https://www.econbiz.de/10010594581
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Heterogeneous expectations and strong uncertainty in a Minskyian model of financial fluctuations
Sordi, Serena; Vercelli, Alessandro - In: Journal of economic behavior & organization : JEBO 83 (2012) 3, pp. 544-557
Persistent link: https://www.econbiz.de/10009698005
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Unemployment, income distribution and debt-financed investment in a growth cycle model
Sordi, Serena; Vercelli, Alessandro - In: Journal of economic dynamics & control 48 (2014), pp. 325-348
Persistent link: https://www.econbiz.de/10010486648
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(Ir)rational explorers in the financial jungle : modelling Minsky with heterogeneous agents
Cafferata, Alessia; Dávila-Fernández, Marwil J.; … - 2020
Persistent link: https://www.econbiz.de/10012176996
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(Ir)rational explorers in the financial jungle : modelling Minsky with heterogeneous agents
Cafferata, Alessia; Dávila-Fernández, Marwil J.; … - In: Journal of evolutionary economics 31 (2021) 4, pp. 1157-1188
Persistent link: https://www.econbiz.de/10012663697