Financial Dynamics and Business Cycles: New Perspectives

ISBN-13: 9780873325318 / Angielski / Twarda / 1989 / 274 str.

Willi Semmler

Opis

This collection of theoretical studies reflects a variety of research paradigms. Financial instability is a characteristic of modern capitalism and these studies reflect the belief that capitalism progresses through historical time in a dynamic fashion.

Spis treści

I Basic Models on Nonlinear Dynamics and Financial Instability: A Minsky Crisis, Finance, Instability, and Cycles, Debt-Financing of Firms, Stability, and Cycles in a Dynamical Macroeconomic Growth Model, Accumulation, Finance, and Effective Demand in Marx, Keynes, and Kalecki, The Real and Financial Determinants of Stability: The Law of the Tendency Toward Increasing Instability, II Stabilization Policy in Nonlinear Dynamical Models with Money and Finance: Comparative Monetary and Fiscal Policy Dynamics, Monetary Stabilization Policy in a Keynes-Goodwin, Model of the Growth Cycle, Qualitative Effects of Monetary Policy in "Rich" Dynamic Systems, Debt Commitments and Aggregate Demand: A Critique of the Neoclassical Synthesis and Policy, III Empirical Evidence on Debt and Financial Instability: The Cyclical Behavior of Corporate Financial Ratios and Minsky's Financial Instability Hypothesis, Theories of Financial Crises, The Political Economy of the External Debt and Growth: The Case of Peru

O autorze

Willi Semmler