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

Tomasz Kozłowski

DOI: http://dx.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.


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References


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