The Subprime Crisis: A Minskyan Phenomenon?

  • Elisabetta De Antoni
Chapter

Abstract

The widely touted Great Moderation and its calamitous end seemingly fit the financial instability hypothesis perfectly. Not by chance, the subprime crisis has been considered the result of a ‘Minsky credit bubble’, as the ‘Minsky moment’ preceding a ‘Minsky meltdown’ (Roubini, 2007a and 2007b; Whalen, 2007; Wray, 2007).

Keywords

Monetary Policy House Price Asset Price Fiscal Policy Capital Gain 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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© Elisabetta De Antoni 2010

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  • Elisabetta De Antoni

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