Financial Conditions and Macroeconomic Performance

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  • Financial Conditions and Macroeconomic Performance Book Detail

  • Author : Steven M. Fazzari
  • Release Date : 2015-06-05
  • Publisher : Routledge
  • Genre : Business & Economics
  • Pages : 209
  • ISBN 13 : 1317470575
  • File Size : 68,68 MB

Financial Conditions and Macroeconomic Performance by Steven M. Fazzari PDF Summary

Book Description: This collection of papers on financial instability and its impact on macroeconomic performance honours Hyman P. Minsky and his lifelong work. It is based on a conference at Washington University, St. Louis, in 1990 and includes among the authors Benjamin M. Friedman, Charles P. Kindleberger, Jan Kregel and Steven Fazzari. These papers consider Minsky's definitive analysis that yields such a clear and disturbing sequence of financial events: booms, government intervention to prevent debt contraction and new booms that cause a progressive buildup of new debt, eventually leaving the economy much more fragile financially.

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The Inner City

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Michael Porter has argued that a sustainable economic base can be created in the inner city only if it has been created elsewhere: through private, for-profit,