The financial instability hypothesis: a stochastic microfoundation framework

DOI10.1016/j.jedc.2011.02.005zbMath1217.91129OpenAlexW3023371443MaRDI QIDQ550828

Corrado Di Guilmi, Carl Chiarella

Publication date: 13 July 2011

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://www.uts.edu.au/sites/default/files/qfr-archive-03/QFR-rp273.pdf

zbMATH Keywords

complex dynamicsfinancial fragilitystochastic aggregation

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Heterogeneous agent models (91B69)

Related Items (8)

Macrofinancial imbalances in historical perspective: a global crisis index ⋮ The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycle ⋮ Stabilizing an unstable complex economy on the limitations of simple rules ⋮ Winter is possibly not coming: mitigating financial instability in an agent-based model with interbank market ⋮ Income distribution, credit and fiscal policies in an agent-based Keynesian model ⋮ ``Animal spirits and bank's lending behaviour, a disequilibrium approach ⋮ Herding, trend chasing and market volatility ⋮ Financial fragility and credit risk: a simulation model

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• On the size distribution of firms: additional evidence from the G7 countries
• A Rational Route to Randomness
• BUSINESS CYCLE FLUCTUATIONS AND FIRMS' SIZE DISTRIBUTION DYNAMICS

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