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Instability
The element that characterizes the international system today is indeed instability. An instability that is generated, before the existing... -
Political instability and merchandise trade in Africa
This paper on political instability (PI) and merchandise trade (MT) in Africa analyses data for 52 African countries from 1996 to 2020. Using the...
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Minimal farsighted instability
We propose the notion of minimal farsighted instability to determine the states that are more likely to emerge in the long run when agents are...
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Financial structure, cycle, and instability
The subprime loan mortgage crisis has revived scholarly interest in Minsky’s financial instability hypothesis. The related mathematical models...
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Modeling Economic Instability A History of Early Macroeconomics
This book offers a fresh perspective on the early history of macroeconomics, by examining the macro-dynamic models developed from the late 1920s to...
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Exploring environmental degradation spillovers in Sub-Saharan Africa: the energy–financial instability nexus
This paper explores the macro-financial externalities of environmental degradation in Africa. Specifically, we examine whether and how changes in...
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Financial Development, Political Instability, Trade Openness and Growth in Brazil: Evidence from a New Dataset, 1890-2003
What is the relationship between financial development, political instability, trade openness and economic growth and how does it change over time?...
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Financial Instability: Re-tradable Assets and Speculation
The theory of competitive market price formation developed so far does not apply if the goods traded can be re-traded for capital gains, for then the... -
Corruption, Political Instability, and Environmental Degradation in South Asia: a Comparative Analysis of Carbon Footprint and Ecological Footprint
This study investigates the nexus between political instability, corruption, and environmental degradation for the selected South Asian countries...
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Market Structure and Instability Artifacts in Heterogeneous Agent Models: Lessons from Implicit Discretizations of Stiff Equations
We consider a standard heterogeneous agent model (HAM) that is widely used to analyze price developments in financial markets. The model is linear in...
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Financial Instability and Crises in Keynes’s Monetary Thought
This chapter explores Keynes’s monetary thought with a focus on financial instability and crises. Keynes’s early monetary work, Indian Currency and... -
Heterogeneity in household consumption behavior: The role of inequality and financial instability
We analyze, using the micro data of the Household Financial Survey (HFS) of the Bank of Spain, the consumption consequences of the household balance...
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Tinbergen’s Macro-Dynamics: Instability and the Possibility of Collapse
After his involvement in the early meetings of the Econometric Society, Tinbergen started to work on different macro-dynamic models able to account... -
Problems with Explanatory Variables: Random Variables, Collinearity, and Instability
The multiple regression model supposes that the explanatory variables are (i) independent of the error term and (ii) are linearly independent. This... -
Economic Instability and Stabilization Policy On the Path from Crises to State Directed Economies
This book pleads for a new orientation of government economic policy, as well as central bank policy, rejecting the traditional government... -
Instability and Structural Dynamics in the Macroeconomy: A Policy Framework
This chapter examines the link between the instability features of a profit-driven economy and the structural changes inherent to that type of... -
Cost Management in Economic Instability: A Primary Enterprise Task
Effective cost management is crucial for any business, particularly in times of economic uncertainty. This research work explores the main methods of... -
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The Impact of Matching Degree Between Financial Development and Capital Account Liberalization on Financial Instability
It has long been an issue of academic debate in empirical literature whether capital account liberalization and financial development have a positive... -
Financial Instability
In this chapter, the central bank is put aside and we review simple models of financial instability, which will be the basis for the subsequent...