An analysis of the Keen model for credit expansion, asset price bubbles and financial fragility

DOI10.1007/s11579-012-0071-8zbMath1264.91133OpenAlexW2096919114MaRDI QIDQ1938984

M. R. Grasselli, B. Costa Lima

Publication date: 26 February 2013

Published in: Mathematics and Financial Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11579-012-0071-8

zbMATH Keywords

dynamical systemsGoodwin modelcredit cyclesKeen modelMinsky's financial instability hypothesis

Mathematics Subject Classification ID

Financial applications of other theories (91G80) Credit risk (91G40)

Related Items (7)

Unemployment, income distribution and debt-financed investment in a growth cycle model ⋮ Orbits in a stochastic Goodwin-Lotka-Volterra model ⋮ A generalized Goodwin business cycle model in random environment ⋮ Short Communication: Sensitivity Analysis of an Integrated Climate-Economic Model ⋮ Minskyan classical growth cycles: stability analysis of a stock-flow consistent macrodynamic model ⋮ MODERN MONETARY CIRCUIT THEORY, STABILITY OF INTERCONNECTED BANKING NETWORK, AND BALANCE SHEET OPTIMIZATION FOR INDIVIDUAL BANKS ⋮ Growth and cycles as a struggle: Lotka-Volterra, Goodwin and Phillips

Cites Work

• A clarification of the Goodwin model of the growth cycle
• Asset Bubbles and Overlapping Generations
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