Paper Title: Current Economic Issues: Minsky Moment
Academic Level: Undergraduate
Discipline: Economics
Paper Format: Harvard
Pages: 10
Description: Minsky criticised the main models of business cycle in US because they ignored the monetary factors. He argued that money should be included in the model of capitalist economy in which firms utilise credit. In this way inelastic supply of money becomes a factor in business model when investment is increasing causing increase in the demand for credit and resulting in high rates of interest.
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