In this very short video (for me! Under 15 minutes), I show how to add private debt to the Goodwin cyclical growth model that I built in the previous workshop. The result is a model of Minsky's Financial Instability Hypothesis.
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Friede Gard Prize Workshop 04 from Goodwin To Minsky
profstevekeen.substack.com
Friede Gard Prize Workshop 04 from Goodwin To Minsky
Nov 04, 2022
Friede Gard Prize Workshop 04 from Goodwin To Minsky