Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach

被引:0
|
作者
Doruk, Omer Tugsal [1 ]
Sahinturk, Yusuf Can [2 ]
机构
[1] Amer Univ Cyprus, Econ & Polit Res Ctr, Nicosia, Northern Cyprus, Turkey
[2] DenizBank, Istanbul, Turkey
关键词
Financial Instability Hypothesis; Post Keynesian Economics; Business Cycles; RATIONAL-EXPECTATIONS; INVESTMENT;
D O I
10.17233/sosyoekonomi.2019.02.06
中图分类号
F [经济];
学科分类号
02 ;
摘要
Minsky's financial instability hypothesis (FIH) has the main assumptions of the Post Keynesian macroeconomics. The main assumptions of the FIH and its Post Keynesian roots are discussed in this paper in a detailed way. Thus, it is seen that FIH is a business cycle analysis within Post Keynesian framework, the theoretical underpinnings of the Post Keynesian macroeconomic analysis are put in the forefront for understanding business cycles in Minsky's analysis.
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页码:105 / 118
页数:14
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