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Minsky’s Moment

An Insider’s View on the Economics of Hyman Minsky

Piero Ferri

At its core this book sets out the analytical and methodological foundations of Minsky’s financial instability hypothesis (FIH). Grounded on the joint work of Piero Ferri and Hyman Minsky, it offers insightful analysis from a unique insider's perspective. The objective is to deepen and enlarge the toolbox used by Minsky and to place the analysis within a dynamic perspective where a meta model, based upon regime switching, can encompass the different forms that the FIH can assume.
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Chapter 4: An insider’s view

Piero Ferri

Extract

This chapter illustrates the origin and the nature of the collaboration between the author and Minsky that is at the root of the co-authored papers reproduced in Part II of the book. It also reveals the existence of an unpublished book along with a series of colloquiums that were put on record and that took place over more than a decade.

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