Confidence and financial crisis in a post-keynesian stock-flow consistent model
Langue
en
Article de revue
Ce document a été publié dans
European Journal of Economics and Economic Policies: Intervention. 2011-09, vol. 8, n° 2, p. 361-388
Edward Elgar publishing
Résumé en anglais
The paper aims at showing that one of the main channels by which the US 2007 financial crisis became a real and global economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and ...Lire la suite >
The paper aims at showing that one of the main channels by which the US 2007 financial crisis became a real and global economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and households? expectations and confidence, thus leading to what they were fearing. And I propose to model expectations and the state of confidence of private agents to use the indexes calculated by national statistical services from monthly polls.< Réduire
Mots clés
crise financière
confiance
politique financière
Mots clés en anglais
confidence
financial crisis
stock-flow-consistent modelling
Origine
Importé de hal