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One Bad Turn Deserves Another: How Energy Production, Financial Instability, and Political Governance Crisis Sustain the Decline of FDI Inflows in the Central African Republic
Foreign direct investment (FDI) in many African countries has risen sharply over the past two decades. Yet, the rising trend has not been apparent in...
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Some Reflections on Financial Instability in Macro Agent-Based Models: Genealogy and Objectives
The paper aims to investigate how the macro agent-based literature, which has developed intensively since 2000, analyzes the issue of financial...
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Long-term effects of institutional instability
We examine the contribution of de jure and de facto institutional instability to long-run growth and development for a large panel of countries in...
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Measuring the impact of violence on macroeconomic instability: evidence from develo** countries
Uncertainty induced by various economic and non-economic factors instigates macroeconomic instability. Macroeconomic instability, further, reduces...
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Racial and Ethnic Disparities in Housing Instability During the COVID-19 Pandemic: the Role of Assets and Income Shocks
Stable and adequate housing is critical to sound public health responses in the midst of a pandemic. This study explores the disproportionate impact...
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Cross-section instability in financial markets: impatience, extrapolation, and switching
This paper presents a stylized model of interaction among boundedly rational heterogeneous agents in a multi-asset financial market to examine how...
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Full Employment and Instability: Disentangling Issues on Existence and Stability
As we saw, a lot happened between the first models of TinbergenTinbergen, Jan with one marketMarket of raw goods and the beginning of the 1940s when...
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Harrodian instability in decentralized economies: an agent-based approach
Harrodian instability emerges in post-Keynesian models because of the cumulative feedback between demand and investments. This paper presents a novel...
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Financial Decisions, Intergovernmental Grants and Regulatory Instability: The Case of Italian Municipalities
Because of the global financial crisis, central states implemented a range of recovery plans, austerity measures and cutback strategies, which...
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COVID-19 and instability of stock market performance: evidence from the U.S.
The effect of COVID-19 on stock market performance has important implications for both financial theory and practice. This paper examines the...
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Financial Instability and Frictions: Can DSGE Models Finally Address the Critical Issues?
New Keynesian Economics that rely on the DSGE technology has been criticized as being hopelessly inadequate for dealing with financial crises of the...
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Does too much liquidity generate instability?
Corporate demand for cash is related to a number of firm-specific characteristics, like the presence of transaction costs, information asymmetry in...
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Hegemonic Instability in the Evolving Geopolitics of Southeast Asia
Since the Vietnam War (1955–1975), Western dominance in Southeast Asian geopolitics has seen a steady decline. Coupled with the post-Cold War period,...
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Structural change and financial instability in the US economy
The international financial crisis triggered by the 2007 subprime loan crisis in the US continues to casts a shadow over the world economy and has...
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Economic Instability and Crises Under Neoliberalism
This chapter examines the economic paradox of neoliberalism, that global neoliberalismglobal neoliberalism has enjoyed the most favourable conditions...
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Equilibrium, Instability, Growth and Feedback in Economics
Many important regularities observed in the economy are feedback processes, including stabilityStability, fluctuationsFluctuations, crisesCrises,...
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Financial Instability and Economic Growth in Transition Economies
The paper focuses on the fiscal and financial position of European post-socialist countries prior to the Global Financial Crisis (GFC) of 2007–2009...
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Poverty and the Transition to Instability: The Italian Lira in Eritrean History
This chapter uses a study of the lira in colonial Eritrea to propose an alternate understanding of the monetary history of Africa that acknowledges...
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Escalating Instability of Network Neutrality Policy in the U.S.
In the U.S., network neutrality policy has been on a trajectory of escalating political instability since the early 2000s. The analysis here explains...
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Inequality and Instability
Conventional analysis treats income inequality as a microeconomic artefact, the outcome of a diverse set of semi-autonomous market processes, without...