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Article Dans Une Revue European Journal of Economics and Economic Policies: Intervention Année : 2011

Confidence and financial crisis in a post-keynesian stock-flow consistent model

Edwin Le Héron

Résumé

The paper aims at showing that one of the main channels by which the US 2007 financial crisis became a real and global economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and households? expectations and confidence, thus leading to what they were fearing. And I propose to model expectations and the state of confidence of private agents to use the indexes calculated by national statistical services from monthly polls.
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halshs-00646622 , version 1 (13-11-2023)

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Paternité - Pas d'utilisation commerciale - Partage selon les Conditions Initiales

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Edwin Le Héron. Confidence and financial crisis in a post-keynesian stock-flow consistent model. European Journal of Economics and Economic Policies: Intervention, 2011, 8 (2), pp.361-388. ⟨10.4337/ejeep.2011.02.09⟩. ⟨halshs-00646622⟩
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