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Long waves and short cycles in a model of endogenous financial fragility

Ryoo, Soon - 2009

limit cycles, and simulations illustrate stable limit cycles. The long waves are characterized by periodic economic crises … following long expansions. Short cycles, generated by the interaction between effective demand and labor market dynamics …, fluctuate around the long waves. -- cycles ; long waves ; financial fragility ; stock-flow consistency …

Persistent link: https://www.econbiz.de/10003879776

A contribution to the theory of financial fragility and crisis

Bhaduri, Amit - 2010

The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...

Persistent link: https://www.econbiz.de/10010286546

Financial structure, cycle, and instability

Ninomiya, Kenshiro - In: Journal of economic structures : JES; the official … 11 (2022), pp. 1-23

both structures and discuss financial instability and cycles. We also demonstrate that one of the financial cycles occurs …

Persistent link: https://www.econbiz.de/10013459612

A simplified stock-flow consistent dynamic model of the systemic financial fragility in the ‘New Capitalism’

Passarella, Marco - In: Journal of Economic Behavior & Organization 83 (2012) 3, pp. 570-582

In the last few years, many financial analysts and heterodox economists (but even some ‘dissenters’ among orthodox economists) have referred to the contribution of Hyman P. Minsky as a fundamental reading for understanding the current crisis. However, it is well known that the traditional...

Persistent link: https://www.econbiz.de/10010594628

Systemic financial fragility and the monetary circuit: a stock-flow consistent approach

Marco, Passarella - Volkswirtschaftliche Fakultät, … - 2011

In the last few years, a number of scholars has referred to the crop of contributions of Hyman P. Minsky as required readings to understanding the tendency of the capitalist economies to fall into recurring crises. The so-called ‘financial instability hypothesis’ of Minsky relies, however,...

Persistent link: https://www.econbiz.de/10008833276

A simplified stock-flow consistent dynamic model of the systemic financial fragility in the 'New Capitalism'

Marco, Passarella - Volkswirtschaftliche Fakultät, … - 2011

In the last few years, many financial analysts and heterodox economists (but even some ‘dissenters’ among orthodox economists) have referred to the contribution of Hyman P. Minsky as fundamental to understanding the current crisis. However, it is well-known that the traditional formulation...

Persistent link: https://www.econbiz.de/10008833288

The two-price model revisited. A Minskian-Kaleckian reading of the process of 'financialization'

Passarella, Marco - Volkswirtschaftliche Fakultät, … - 2011

In Passarella (2011B) a kind of up-grading of Minsky’s economic thought was proposed, in which his ‘financial instability hypothesis’ was inter-bred with inputs from the current heterodox literature. This up-grading was done within a one-good model where capital goods were regarded as a...

Persistent link: https://www.econbiz.de/10009151565

Systemic financial fragility and the monetary circuit: a stock-flow consistent Minskian approach

Passarella, Marco - Dipartimento di Ingegneria Gestionale, Università … - 2012

In the last few years, a number of scholars has referred to the crop of contributions of Hyman P. Minsky as „required reading? for understanding the tendency of capitalist economies to fall into recurring crises. However, the so-called „financial instability hypothesis? of Minsky relies on...

Persistent link: https://www.econbiz.de/10011278432

Measuring macroprudential risk through financial fragility: A Minskyan approach

Tymoigne, Éric - 2012

This paper presents a method to capture the growth of financial fragility within a country and across countries. This is done by focusing on housing finance in the United States, the United Kingdom, and France. Following the theoretical framework developed by Hyman P. Minsky, the paper focuses...

Persistent link: https://www.econbiz.de/10010318625

A Contribution to the Theory of Financial Fragility and Crisis

Bhaduri, Amit - 2010

Three interrelated aspects typical of most financial crisis of domestic origin are brought together in a model in this paper. The first aspect is debt financed consumption boom supported by rising asset prices which ultimately leads to credit crunch and debt deflation as lenders lose confidence...

Persistent link: https://www.econbiz.de/10012099894