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Wpływ akceleratora finansowego na przebieg wahań koniunkturalnych [ Impact of Financial Accelerator on Business Cycle Fluctuations ]

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  • Marek Lubiński

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    Abstract

    W opracowaniu przedstawiono wpływ deflacji długu, akceleratora finansowego i nowego akceleratora finansowego na przebieg wahańkoniunkturalnych. Wskazano, Ŝe czynniki te pogłębiająfluktuacje koniunkturalne generowane przez szoki egzogeniczne o róŜnym podłoŜu. W analizie akceleratora finansowego wersja kanoniczna została uzupełniona o późniejsze ustalenia, uwzględniające między innymi niejednorodność podmiotów gospodarujących. JeŜeli akcelerator finansowy odnosił się do relacji między bankami i kredytobiorcami to nowy akcelerator finansowy bada przyczyny cykliczności polityki kredytowej banków, związanej przede wszystkim ze zmienną koniunkturalnie skłonnościąbanków do ponoszenia ryzyka. [ The research paper presents the impact of financial accelerator and new financial accelerator, interconnected by debt deflation, on fluctuations in business cycle. It has been indicated in the paper that these factors deepen business cycle fluctuations generated by egzogenic shocks of varied background.In the analysis of the financial accelerator the canon version has been made complete with further findings concerning, i.e. each of homogeneity of entities. Given the financial accelerator concerned relations between banks and debtor, the new financial accelerator examines the problem area of reasons for cyclical character of bank credit policy, connected mainly with business cycle driven tendency of banksto bearing the risk. ]

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    Article provided by Instytut Rozwoju Gospodarczego (SGH) in its journal Prace i Materiały Instytutu Rozwoju Gospodarczego.

    Volume (Year): 88 (2012)
    Issue (Month): 1 ()
    Pages: 63-84

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    Handle: RePEc:wsd:irgpim:v:88:y:2012:i:1:p:63-84

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    Keywords: cykl koniunkturalny; rynki finansowe; akcelerator finansowy; dźwignia finansowa; panika bankowa [ business cycle; financial markets; financial accelerator; financial leverage; bank panic ];

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