Artikel
Inflation and speculation in a dynamic macroeconomic model
We study a monetary version of the Keen model by merging two alternative extensions, namely the addition of a dynamic price level and the introduction of speculation. We recall and study old and new equilibria, together with their local stability analysis. This includes a state of recession associated with a deflationary regime and characterized by falling employment but constant wage shares, with or without an accompanying debt crisis.
- Sprache
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Englisch
- Erschienen in
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Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 8 ; Year: 2015 ; Issue: 3 ; Pages: 285-310 ; Basel: MDPI
- Klassifikation
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Wirtschaft
- Thema
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Minsky’s financial instability hypothesis
debt-deflation
Keen model
stock-flow consistency
financial crisis
dynamical systems in macroeconomics
local stability
- Ereignis
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Geistige Schöpfung
- (wer)
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Grasselli, Matheus R.
Nguyen Huu, Adrien
- Ereignis
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Veröffentlichung
- (wer)
-
MDPI
- (wo)
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Basel
- (wann)
-
2015
- DOI
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doi:10.3390/jrfm8030285
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Grasselli, Matheus R.
- Nguyen Huu, Adrien
- MDPI
Entstanden
- 2015
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