A monetary Minsky model of the Great Moderation and the Great Recession

By S. Keen. 2013

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The impact of phasing out fossil fuel subsidies on the low-carbon transition (2019, methodology): “In each market, pricing is made by the supply side as a mark-up on unit costs, with the exception of the average price of labour, i.e. the average nominal wage determined according to a Phillips curve-like rule (Keen, 2013).”
The Great Moderation, the Great Excess and the global housing crisis (2015, background): “…that it was a result of better monetary policies, others that it was a result of a structural economic change, again others that it was a result of financial innovation and finally some argue that it was simply good luck (e.g. Gal ı & Gambetti, 2009; Giannone, Lenza, & Reichlin, 2008; Keen, 2013).”