Liquidity preference, uncertainty, and recession in a stock-flow consistent model
(2012)
Journal Article
Dafermos, Y. (2012). Liquidity preference, uncertainty, and recession in a stock-flow consistent model. Journal of Post Keynesian Economics, 34(4), 749-776. https://doi.org/10.2753/PKE0160-3477340407
This paper develops a stock-flow consistent model that explicitly integrates the role of liquidity preference and perceived uncertainty into the decision-making process of households, firms, and commercial banks. Emphasis is placed on (1) the link be... Read More about Liquidity preference, uncertainty, and recession in a stock-flow consistent model.