Matches in SemOpenAlex for { <https://semopenalex.org/work/W2010057329> ?p ?o ?g. }
- W2010057329 endingPage "814" @default.
- W2010057329 startingPage "781" @default.
- W2010057329 abstract "This article reflects on the economic development leading to the recent crisis and interprets this development as a series of events within a Minsky-Veblen cycle. To illustrate this claim we introduce conspicuous consumption concerns, as described by Veblen, into a stock-flow-consistent post Keynesian model and demonstrate that, under these conditions, a decrease in income equality leads to a corresponding increase in debt-financed consumption demand. Here Minskian dynamics come into play: if perceived economic stability causes banks' margins of safety to decrease sufficiently, increased credit demand is accommodated by credit supply giving rise to a debt-financed consumption boom. As the solvency of households decreases and interest rates move up, banks reduce lending, triggering household bankruptcies and, finally, a recession. What follows is a stable period of consolidation, where past debts are repaid, financial stability is regained and conspicuous consumption motives may gradually take over again. We illustrate this approach to the current crisis and its explanatory validity by extending our stock-flow-consistent model into a dynamic simulation." @default.
- W2010057329 created "2016-06-24" @default.
- W2010057329 creator A5037766479 @default.
- W2010057329 creator A5089255490 @default.
- W2010057329 date "2014-07-01" @default.
- W2010057329 modified "2023-10-05" @default.
- W2010057329 title "Debt, boom, bust: a theory of Minsky-Veblen cycles" @default.
- W2010057329 cites W1545089594 @default.
- W2010057329 cites W1966208531 @default.
- W2010057329 cites W1986819599 @default.
- W2010057329 cites W1996999064 @default.
- W2010057329 cites W2001921296 @default.
- W2010057329 cites W2002819931 @default.
- W2010057329 cites W2004779120 @default.
- W2010057329 cites W2033630254 @default.
- W2010057329 cites W2036331061 @default.
- W2010057329 cites W2041121856 @default.
- W2010057329 cites W2043787485 @default.
- W2010057329 cites W2047559931 @default.
- W2010057329 cites W2065018255 @default.
- W2010057329 cites W2078964182 @default.
- W2010057329 cites W2098913112 @default.
- W2010057329 cites W2104567454 @default.
- W2010057329 cites W2112192976 @default.
- W2010057329 cites W2125986041 @default.
- W2010057329 cites W2129861857 @default.
- W2010057329 cites W2154496395 @default.
- W2010057329 cites W2158883708 @default.
- W2010057329 cites W2164710344 @default.
- W2010057329 cites W2171956741 @default.
- W2010057329 cites W2338746538 @default.
- W2010057329 cites W2496716543 @default.
- W2010057329 cites W2954453369 @default.
- W2010057329 cites W2956022593 @default.
- W2010057329 cites W3121488396 @default.
- W2010057329 cites W4230088799 @default.
- W2010057329 cites W4237980526 @default.
- W2010057329 cites W4239325512 @default.
- W2010057329 cites W4246783270 @default.
- W2010057329 cites W784457487 @default.
- W2010057329 cites W2154781332 @default.
- W2010057329 doi "https://doi.org/10.2753/pke0160-3477360409" @default.
- W2010057329 hasPublicationYear "2014" @default.
- W2010057329 type Work @default.
- W2010057329 sameAs 2010057329 @default.
- W2010057329 citedByCount "38" @default.
- W2010057329 countsByYear W20100573292013 @default.
- W2010057329 countsByYear W20100573292014 @default.
- W2010057329 countsByYear W20100573292015 @default.
- W2010057329 countsByYear W20100573292016 @default.
- W2010057329 countsByYear W20100573292017 @default.
- W2010057329 countsByYear W20100573292018 @default.
- W2010057329 countsByYear W20100573292019 @default.
- W2010057329 countsByYear W20100573292020 @default.
- W2010057329 countsByYear W20100573292021 @default.
- W2010057329 countsByYear W20100573292022 @default.
- W2010057329 countsByYear W20100573292023 @default.
- W2010057329 crossrefType "journal-article" @default.
- W2010057329 hasAuthorship W2010057329A5037766479 @default.
- W2010057329 hasAuthorship W2010057329A5089255490 @default.
- W2010057329 hasBestOaLocation W20100573292 @default.
- W2010057329 hasConcept C120527767 @default.
- W2010057329 hasConcept C127413603 @default.
- W2010057329 hasConcept C133425853 @default.
- W2010057329 hasConcept C139719470 @default.
- W2010057329 hasConcept C141441539 @default.
- W2010057329 hasConcept C144024400 @default.
- W2010057329 hasConcept C16215860 @default.
- W2010057329 hasConcept C162324750 @default.
- W2010057329 hasConcept C165556158 @default.
- W2010057329 hasConcept C183582576 @default.
- W2010057329 hasConcept C195742910 @default.
- W2010057329 hasConcept C204036174 @default.
- W2010057329 hasConcept C2776562857 @default.
- W2010057329 hasConcept C2778215004 @default.
- W2010057329 hasConcept C2778300220 @default.
- W2010057329 hasConcept C2778929795 @default.
- W2010057329 hasConcept C30772137 @default.
- W2010057329 hasConcept C36289849 @default.
- W2010057329 hasConcept C556758197 @default.
- W2010057329 hasConcept C78519656 @default.
- W2010057329 hasConcept C83873408 @default.
- W2010057329 hasConcept C87717796 @default.
- W2010057329 hasConceptScore W2010057329C120527767 @default.
- W2010057329 hasConceptScore W2010057329C127413603 @default.
- W2010057329 hasConceptScore W2010057329C133425853 @default.
- W2010057329 hasConceptScore W2010057329C139719470 @default.
- W2010057329 hasConceptScore W2010057329C141441539 @default.
- W2010057329 hasConceptScore W2010057329C144024400 @default.
- W2010057329 hasConceptScore W2010057329C16215860 @default.
- W2010057329 hasConceptScore W2010057329C162324750 @default.
- W2010057329 hasConceptScore W2010057329C165556158 @default.
- W2010057329 hasConceptScore W2010057329C183582576 @default.
- W2010057329 hasConceptScore W2010057329C195742910 @default.
- W2010057329 hasConceptScore W2010057329C204036174 @default.
- W2010057329 hasConceptScore W2010057329C2776562857 @default.
- W2010057329 hasConceptScore W2010057329C2778215004 @default.
- W2010057329 hasConceptScore W2010057329C2778300220 @default.