Firms' leverage ratio and the Financial Instability Hypothesis: an empirical investigation for the US economy (1970–2014)

Í Pedrosa - Cambridge journal of economics, 2019 - academic.oup.com
Abstract 'There are many 'Minskian'interpretations of how financial fragility builds up
reflecting the unsolved tensions regarding the transition from micro to macro results in …

Heterogeneous expectations, forecasting behaviour and policy experiments in a hybrid agent-based stock-flow-consistent model

S Reissl - Journal of Evolutionary Economics, 2021 - Springer
This paper presents a hybrid agent-based stock-flow-consistent model featuring
heterogeneous banks, purposely built to examine the effects of variations in banks' …

Understanding financial instability: Minsky versus the Austrians

L Van den Hauwe - Journal des économistes et des études …, 2016 - degruyter.com
Although Minsky's interpretation of Keynes's macroeconomics and essential message
clashes with authoritative alternative interpretations, it has become increasingly influential …

[HTML][HTML] Финансовая нестабильность и экономические кризисы: уроки Мински

ЮВ Вымятнина, ВО Грищенко… - Экономическая …, 2018 - cyberleninka.ru
В основу статьи положены материалы обсуждения русского перевода классической
книги Хаймана Мински «Стабилизируя нестабильную экономику»(М.; СПб.: Изд-во …

Financial Instability and Agents' Heterogenity: A Post Minskyan Research Agenda

T Assenza, DD Gatti, M Gallegati - Chapters, 2010 - ideas.repec.org
This Companion provides a timely and engaging treatment of Hyman Minsky's approach to
economics, which is enjoying a renewed appreciation because of its prescient analysis of …

Banking on ELR: How Hyman Minsky's Ideas Can Help Tackle Unemployment

G Mastromatteo, L Esposito - Journal of Economic Issues, 2017 - Taylor & Francis
This article suggests a way of building a comprehensive program that can effectively
eliminate unemployment using the employer-of-last-resort (ELR) scheme, which comes from …

[HTML][HTML] Macroprudential policy in a heterogeneous environment—an application of agent-based approach in systemic risk modelling

J Kaszowska-Mojsa, M Pipień - Entropy, 2020 - mdpi.com
Assessment of welfare effects of macroprudential policy seems the most important
application of the Dynamic Stochastic General Equilibrium (DSGE) framework of macro …

Lending sociodynamics and economic instability

RJ Hawkins - Physica A: Statistical Mechanics and its Applications, 2011 - Elsevier
We show how the dynamics of economic instability and financial crises articulated by
Keynes in the General Theory and developed by Minsky as the Financial Instability …

Can we say “Minsky moment” when households matter?

AM Variato - Cycles, Growth and the Great Recession, 2014 - taylorfrancis.com
This chapter explains how economic structures create floors and ceilings that contain
unstable macroeconomic dynamics. The addition of ceilings and floors or, more …

Heterogeneity, distribution and financial fragility of non-financial firms: an agent-based stock-flow consistent (AB-SFC) model

Í Pedrosa, D Lang - 2018 - hal.science
In Minsky's Financial Instability Hypothesis (FIH), financial fragility of non-financial firms
tends to increase endogenously over the cycle along with the macroeconomic leverage …