Inequality and the financial instability hypothesis

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Chapter 11 in Aggregate Demand, Inequality and Instability, 2016, pp 115-128 from Edward Elgar Publishing

Abstract: This chapter applies Cynamon and Fazzari’s interpretation of the Great Recession, based upon Minsky’s financial instability hypothesis, to a dynamic context. It shows how the process of inequality has been fostered by the debt policy and how this process has worsened the instability process. The feedbacks on inequality are also taken into account.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2016
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