The financial accelerator as an idea of a mechanism of external economic disturbances amplification Cover Image

Akcelerator finansowy jako koncepcja mechanizm u amplifikacji zewnętrznych zakłóceń gospodarczych
The financial accelerator as an idea of a mechanism of external economic disturbances amplification

Author(s): Tomasz Kozłowski
Subject(s): Supranational / Global Economy, Financial Markets
Published by: Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika
Keywords: external economic disturbances amplification; financial accelerator; real sector;

Summary/Abstract: The purpose of the paper is to present the idea of a financial accelerator – the mechanism, which is a step toward resolving the puzzle of how relatively small shocks can create large effects in the real sector of the economy. The work presents the theoretical premises of this idea and related channels of external impulses transmission. The review of empirical literature indicates various methodological and subjective approaches to the problem.

  • Issue Year: 6/2010
  • Issue No: 1
  • Page Range: 157-166
  • Page Count: 10
  • Language: Polish