Understanding of the Global Financial Crisis: Contributions of post-Keynesian economics

Abstract : Post-Keynesian economics has greatly improved our understanding of the causes as well as some of the consequences of the Global Financial Crisis. This paper deals with some examples related to monetary issues—namely, the financial instability hypothesis of Minsky and its extension to the household sector, as well as the post-Keynesian theory of endogenous money, with its extension to quantitative easing policies set within a framework where the central bank’s target rate of interest is set equal to the rate of interest paid on reserves.
Type de document :
Article dans une revue
Studies in Political Economy, 2016, 97 (1), pp.58-75. 〈10.1080/07078552.2016.1174463〉
Liste complète des métadonnées

https://hal-univ-paris13.archives-ouvertes.fr/hal-01343735
Contributeur : Pascal Seppecher <>
Soumis le : samedi 9 juillet 2016 - 15:38:16
Dernière modification le : jeudi 11 janvier 2018 - 06:23:32

Identifiants

Citation

Marc Lavoie. Understanding of the Global Financial Crisis: Contributions of post-Keynesian economics. Studies in Political Economy, 2016, 97 (1), pp.58-75. 〈10.1080/07078552.2016.1174463〉. 〈hal-01343735〉

Partager

Métriques

Consultations de la notice

270