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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...

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Detalles Bibliográficos
Autores principales: Akaev, A. A., Sadovnichii, V. A.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Pleiades Publishing 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7808111/
http://dx.doi.org/10.1134/S1064562420050245

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