An empirical analysis of Minsky regimes in the US economy
In this paper, we analyse Minskian dynamics in the US economy via an empirical application of Minsky’s financing regime classifications to a panel of nonfinancial corporations. First, we map Minsky’s definitions of hedge, speculative and Ponzi finance onto firm-level data to describe the evolution o...
Main Authors: | , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Oxford University Press
2019
|
Subjects: | |
Online Access: | View Fulltext in Publisher |