An Insider’s View on the Economics of Hyman Minsky
Chapter 10: New tools for dynamics
This chapter has two aims. On the one hand, it tries to generalize the stylized facts it can deal with. In fact, the 1984 paper I co-authored with Minsky was conceived in a period of stagflation, a relatively new phenomenon which challenged the neoclassical synthesis. It is important to stress that in the paper this phenomenon is generated without referring to supply shocks. However, since this was a typical phenomenon of the 1980s, there is a necessity in this chapter to deal with new stylized facts, characterized by moderate inflation or even deflation. On the other hand, the chapter suggests new tools for carrying out endogenous dynamics.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.