Modeling Minsky: a dynamical system approach for financial fragility

Matheus Grasselli, McMaster University

Starting from the observation of the cyclical and perennial nature of financial crises, Matheus Grasselli — a professor of financial mathematics — analyzes the system of differential equations proposed by Keen to model Minsky’s financial instability hypothesis.

Instabilities in Financial Markets | Symposium for the 202nd Anniversary of the Founding Decree of the Scuola Normale Superiore | October 19, 2012 | Sala Azzurra