Institutional supercycles: An evolutionary macro-finance approach
(2020)
Working Paper
Dafermos, Y., Gabor, D., & Michell, J. (2020). Institutional supercycles: An evolutionary macro-finance approach
We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for the analysis of the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting m... Read More about Institutional supercycles: An evolutionary macro-finance approach.