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dc.contributor.authorTemoigne, Ericen_US
dc.date.accessioned2010-05-14T11:08:28Z-
dc.date.available2010-05-14T11:08:28Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/31517-
dc.description.abstractThis is the last part of a three-part analysis of the Minskyan Framework. The paper presents a model that studies some of the features presented in Parts I and II. The model is Post-Keynesian in nature and puts a large emphasis on the role of conventions and the importance of the financial side. In doing so, it provides an innovative way to determine aggregate investment and to introduce nonlinearities in the modeling of Minsky’s framework. This nonlinearity relies on the shifting property of conventions and the behavioral and psychological assumptions that they carry. Another specific characteristic of the model is that it is stock-flow consistent and explicitly takes into account the amortization of principal and refinancing loans. All of the modeling is done by using system dynamics, a flexible but rigorous modeling tool that gives the modeler a good understanding of the dynamics of complex models.en_US
dc.language.isoengen_US
dc.publisherThe Levy Economics Inst. of Bard College Annandale-on-Hudson, NYen_US
dc.relation.ispartofseriesWorking papers // The Levy Economics Institute 455en_US
dc.subject.jelE5en_US
dc.subject.ddc330en_US
dc.subject.keywordPost-Keynesian economicsen_US
dc.subject.keywordMinskyen_US
dc.subject.keywordfinancial fragilityen_US
dc.titleSystem dynamics modeling of a stock flow consistent Minskyan model / by Eric Temoigne (The Minskyan systemen_US
dc.typeWorking Paperen_US
dc.identifier.ppn570176018en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Working Papers, Levy Economics Institute of Bard College

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