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

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  • Tomasz Kozlowski

    (Nicolaus Copernicus University)

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.

Suggested Citation

  • Tomasz Kozlowski, 2010. "The financial accelerator as an idea of a mechanism of external economic disturbances amplification," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 6(1), pages 157-166, December.
    • Handle: RePEc:cpn:umkeip:v:6:y:2010:i:1:p:157-166
    DOI: 10.12775/EiP.2010.011
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    Keywords

    financial accelerator; economic shock;

    JEL classification:

    • A - General Economics and Teaching

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