The financial accelerator as an idea of a mechanism of external economic disturbances amplification

Tomasz Kozlowski
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Tomasz Kozlowski: Nicolaus Copernicus University

Ekonomia i Prawo, 2010, vol. 6, issue 1, 157-166

Abstract: The purpose of the paper is to present the idea of a financial accelerator – the mechanism, which is a step toward resolving the puzzle of how relatively small shocks can create large effects in real sector of economy. The work presents theoretical premises of this idea and related channels of external impulses transmission.

Keywords: financial accelerator; economic shock (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkeip:v:6:y:2010:i:1:p:157-166

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