A Reconsideration of the Formal Minskyan Analysis: Microfundations, Endogenous Money and the Public Sector

摘要: The paper presents a survey of the literature that has grown out work Hyman Minsky and, in particular, main models which have mathematically formalised cyclical dynamics capitalist economy implied by Financial Instability Hypothesis. We identify some issues existing left unsolved. then briefly summarise contributions Chiarella and Di Guilmi (J Econ Dyn Control 35(8):1151–1171, 2011c) (Stud Nonl Econom forthcoming, 2012), highlighting how these papers addressed open questions they could be further developed.