Hyman Minsky School of Thought

E764589

The Hyman Minsky School of Thought is a post-Keynesian economic perspective emphasizing the inherent instability of financial markets and the tendency of periods of stability to breed speculative excess and crisis.

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Label Occurrences
Hyman Minsky School of Thought canonical 1

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Statements (50)

Predicate Object
instanceOf economic school of thought ⓘ
post-Keynesian perspective ⓘ
associatedWith Levy Economics Institute of Bard College ⓘ
heterodox macroeconomic modeling ⓘ
post-Keynesian economists ⓘ
contrastsWith neoclassical efficient markets view ⓘ
rational expectations macroeconomics ⓘ
coreConcept Big Government and Big Bank stabilization ⓘ
Minsky cycle ⓘ
Minsky moment ⓘ
debt deflation ⓘ
endogenous financial instability ⓘ
endogenous money ⓘ
financial instability hypothesis ⓘ
fragility of financial structures ⓘ
leverage dynamics ⓘ
role of credit in the business cycle ⓘ
speculative bubbles ⓘ
critiques belief in self-stabilizing markets ⓘ
excessive financial deregulation ⓘ
reliance on microprudential regulation alone ⓘ
emphasizes endogenous generation of financial crises ⓘ
historical time and path dependence in economics ⓘ
importance of balance sheets in macroeconomics ⓘ
inherent instability of financial markets ⓘ
interaction between real and financial sectors ⓘ
pro-cyclical behavior of finance ⓘ
role of uncertainty in investment and finance ⓘ
field financial economics ⓘ
macroeconomics ⓘ
monetary economics ⓘ
post-Keynesian economics ⓘ
influenced macroprudential regulation debates ⓘ
modern financial instability literature ⓘ
post-2008 crisis policy discussions ⓘ
influencedBy Institutionalist economics ⓘ
John Maynard Keynes ⓘ
Keynesian uncertainty ⓘ
Michał Kalecki ⓘ
namedAfter Hyman P. Minsky ⓘ
linked to: Hyman Minsky
supportsPolicy countercyclical fiscal policy ⓘ
lender of last resort interventions ⓘ
macroprudential oversight ⓘ
strong financial regulation ⓘ
theorizes crises are normal outcomes of capitalist finance ⓘ
financial fragility increases during economic expansions ⓘ
financial systems evolve from hedge finance to speculative finance to Ponzi finance ⓘ
periods of stability encourage risk-taking and leverage ⓘ
viewsCrisesAs systemic outcomes rather than exogenous shocks ⓘ
viewsFinancialInstitutionsAs active creators of money and credit ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Hyman Minsky → influenced → Hyman Minsky School of Thought ⓘ