A “Minsky crisis” in a Stock-Flow Consistent model
This study uses the Stock-Flow Consistent modelling approach to assess the relevance of Minsky’s demonstration of his financial instability hypothesis. We show that this demonstration, based on the assumption of a pro-cyclical leverage ratio, is incompatible with the Kaleckian analysis of profits en...
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
Association Recherche & Régulation
2014
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| Acesso em linha: | https://doi.org/10.4000/regulation.10963 https://hdl.handle.net/20.500.13089/jqmp https://journals.openedition.org/regulation/10963 |
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