Artikel

Confidence and financial crisis in a post-Keynesian stock flow consistent model

The paper aims at showing that one of the main channels by which the US 2007 financial crisis became a real and global economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and households' expectations and confidence, thus leading to what they were fearing. And I propose to model expectations and the state of confidence of private agents to use the indexes calculated by national statistical services from monthly polls.

Sprache
Englisch

Erschienen in
Journal: Intervention. European Journal of Economics and Economic Policies ; ISSN: 2195-3376 ; Volume: 08 ; Year: 2011 ; Issue: 2 ; Pages: 361-387

Klassifikation
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Macroeconomics: Consumption, Saving, Production, Employment, and Investment: Forecasting and Simulation: Models and Applications
Demand for Money
Interest Rates: Determination, Term Structure, and Effects
Money and Interest Rates: Forecasting and Simulation: Models and Applications
Money Supply; Credit; Money Multipliers
Monetary Policy
Thema
confidence
financial crisis
stock-flow-consistent modelling

Ereignis
Geistige Schöpfung
(wer)
Le Heron, Edwin
Ereignis
Veröffentlichung
(wer)
Metropolis-Verlag
(wo)
Marburg
(wann)
2011

DOI
doi:10.4337/ejeep.2011.02.09
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Le Heron, Edwin
  • Metropolis-Verlag

Entstanden

  • 2011

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