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Forecasting a Cyclical Downturn (Recession) in the US Economy Using a Mathematical Model of Hyman Minsky’s Theory of Financial Instability
By using the US economy as an example, the paper shows how the COVID-19 pandemic has changed its short-term dynamics, causing a deep crisis recession in 2020 rather than the expected short-term and shallow recession in 2022 caused by the inflation of the financial bubble during the credit expansion...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Pleiades Publishing
2021
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7808111/ http://dx.doi.org/10.1134/S1064562420050245 |