The Paradox of Tranquility Revisited. A Lotka-Volterra Model of the Financial Instability
AbstractThe aim of this paper is to describe by means of a simple Lotka-Volterra model the financial vulnerability of corporate sector. This should allow us to soften Lavoie's criticism of Minsky's «Financial Instability Hypothesis» which is based on the so-called «paradox of debt».
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Bibliographic InfoArticle provided by Società editrice il Mulino in its journal Rivista italiana degli economisti.
Volume (Year): (2010)
Issue (Month): 1 ()
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heterodox approaches; post-keynesian economics; financial instability hypothesis;
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- Passarella, Marco, 2012.
"A simplified stock-flow consistent dynamic model of the systemic financial fragility in the ‘New Capitalism’,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 83(3), pages 570-582.
- Marco, Passarella, 2011. "A simplified stock-flow consistent dynamic model of the systemic financial fragility in the 'New Capitalism'," MPRA Paper 28499, University Library of Munich, Germany.
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