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Ekonomia i Prawo. Economics and Law

FINANCIAL ACCELERATOR AS AN IDEA OF A MECHANISM OF EXTERNAL ECONOMIC DISTURBANCES AMPLIFICATION
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FINANCIAL ACCELERATOR AS AN IDEA OF A MECHANISM OF EXTERNAL ECONOMIC DISTURBANCES AMPLIFICATION

Authors

  • Tomasz Kozłowski

DOI:

https://doi.org/10.12775/EiP.2010.011

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 real sector of economy. The work presents 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.

References

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Gertler M., Gilchrist S., Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms, „The Qarterly Journal of Economics” 1994, Vol. 109, No 2.

Gertler M., Gilchrist S., The Financial Accelerator and the Flight to Quality, „Review of Economics and Statistics” 1996, Vol. LXXVIII, No. 1, s. 2.

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Kiyotaki N., Moore B., Credit Cycles, „Journal of Political Economy” 1997, vol. 105, No. 2.

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Ekonomia i Prawo. Economics and Law

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Published

2010-12-31

How to Cite

1.
KOZŁOWSKI, Tomasz. FINANCIAL ACCELERATOR AS AN IDEA OF A MECHANISM OF EXTERNAL ECONOMIC DISTURBANCES AMPLIFICATION. Ekonomia i Prawo. Economics and Law. Online. 31 December 2010. Vol. 6, no. 1, pp. 157-166. [Accessed 7 July 2025]. DOI 10.12775/EiP.2010.011.
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