Journal of Economic Issues ( IF 0.854 ) Pub Date : 2021-03-11 , DOI: 10.1080/00213624.2021.1875729 Samba Diop
Abstract:
Periods of financial instability are always an opportunity for Hyman P. Minsky to return to the spotlight. Often, they result in an increase in the number of references made to Minsky's work, otherwise relegated to the margins of academic debate. For the most part, this work involving Minsky is limited to demonstrating the relevance of the Financial Instability Hypothesis in explaining the mechanisms of financial fragility or the need to implement countercyclical measures during the acute phase of the crisis. In my view, such a use of Minsky's work is incomplete because it fails to take into account an equally important aspect of it: that which relates to the prevention of financial crises.
中文翻译:
预防金融危机:明斯基经济学的一个重要但经常被忽视的方面
摘要:
金融不稳定时期始终是海曼·明斯基(Hyman P. Minsky)重返社会的机会。通常,它们导致对Minsky的著作的引用数量增加,否则会降级到学术辩论的边缘。在大多数情况下,涉及Minsky的这项工作仅限于证明金融不稳定假说在解释金融脆弱性机制或在危机的严重阶段需要采取反周期措施的必要性。我认为,对明斯基的工作的这种使用是不完整的,因为它没有考虑到其同等重要的方面:与预防金融危机有关的方面。