Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach
Ömer Tuğsal Doruk and
Yusuf Can Şahi̇ntürk
Sosyoekonomi Journal, 2019, issue 27(40)
Minsky’s financial instability hypothesis (FIH) has the main assumptions of the Post Keynesian macroeconomics. The main assumptions of the FIH and its Post Keynesian roots are discussed in this paper in a detailed way. Thus, it is seen that FIH is a business cycle analysis within Post Keynesian framework, the theoretical underpinnings of the Post Keynesian macroeconomic analysis are put in the forefront for understanding business cycles in Minsky’s analysis.
Keywords: Financial Instability Hypothesis; Post Keynesian Economics; Business Cycles. (search for similar items in EconPapers)
JEL-codes: B22 B41 E12 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:190206
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