@ProfSteveKeen 15(?) years of erroneous forecasts of an Oz recession. 1st home grants warded off Minsky recession for 10 years!
19 Jul 2019 4 Comments
in business cycles, economic growth, economic history, economics of bureaucracy, global financial crisis (GFC), great recession, macroeconomics, monetary economics, politics - Australia, politics - New Zealand, Public Choice Tags: forecasting errors, Post-Keynesian macroeconomics
Dec 17, 2021 @ 22:15:15
You might be interested in in this from the St Louis Fed: https://www.stlouisfed.org/on-the-economy/2019/september/australia-28-year-expansion
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Dec 18, 2021 @ 21:06:29
Keen also claims to have predicted the GFC.
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Dec 18, 2021 @ 21:25:09
You might also be interested in these:
Keen, S (1995) Finance and economic breakdown: modelling Minsky’s Financial Instability Hypothesis. Journal of Post Keynesian Economics 17(4)4: 607–635
Keen, S (2006) The Lily and the Pond. Interview reported by the Evans Foundations, at http://evatt.org.au/news/445.html
Keen, S. and B. Chapman (2006) Hic Rhodus, Hic Salta! Profit in a dynamic model of the Monetary Circuit, Storia del Pensiero Economico 2: 139-156
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Dec 18, 2021 @ 21:41:36
see too https://utopiayouarestandinginit.com/2018/10/22/nztreasury-wined-dined-gfc-prophet-profstevekeen-his-oz-data-predicted-gfc-but-missed-long-boom-chris_auld-dandolfa/
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