Tags » Hyman Minsky

Further Pretensions of Knowledge

The Economist‘s second article in its series on “seminal economic ideas” is about Hyman Minsky’s theory that “booms sow the seeds of busts”:

Having grown up during the Depression, Minsky was minded to dwell on disaster.

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Stock-Flow Consistent Modeling

PK-SFC Modeling

  • Integration of Real and Financial sectors of economy.
  • Balance-sheet ¬†accounting approach
  • Stock-flow consistent
  • Quadruple accounting

From  Post-Keynesian Stock-Flow Consistent Modeling: A Survey

PK-SFC models are a specific kind of Post-Keynesian macro model that follows distinctive accounting rules, ensuring the consistent integration of the stocks and flows of all the sectors of the economy.

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Monetary Economics

Hyman Minsky (Financial Instability Hypothesis)

Stability leads to instability. The more stable thing become and the longer things are stable, the more unstable they will be when the crisis hits (Hyman Minsky) 377 more words


Film review: Boom Bust Boom

A pertinent reminder that financial crises tend to share similar features, yet we keep on repeating the mistakes of the past

A seemingly endless number of post-crisis studies have been released in recent years. 671 more words


Some New Lessons on Jobs from an Old Economist

Many economists do not write in a language which is easily understandable. While John Maynard Keynes was a terrific writer (he is possibly the only economist who actually came up with one-liners), his magnum opus… 1,045 more words


Why banks love lending to you and me, but hate lending to corporates

Regular readers of this column would know that I regularly refer to the sectoral deployment of credit data usually released by the Reserve Bank of India(RBI) at the end of every month. 830 more words


Did RBI just hint that Indian corporates have reached Ponzi stage of finance?

The Reserve Bank of India(RBI) releases the Financial Stability Report twice a year. The second report for this year was released yesterday (i.e. December 23, 2015). 1,789 more words