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Claudio H. Dos Santos (2005) A stock-flow consistent general framework for formal Minskyan analyses of closed economies”, Journal of Post Keynesian Economics, vol. 27, n. 4, pp. 711-736


Abstract: This paper proposes a fully consistent and general “Minskyan artificial economy” and uses it to analyze a small but representative sample of “formal Minskyan” models. It concludes that these models often assume oversimplified hypotheses that do not do justice to Minsky’s literary analyses and, more seriously, do not always take into full consideration the logical implications of these hypotheses.

Keywords: financial fragility, Minsky, Stock-flow Consistency

November 13, 2010 | Comments Closed