Working Paper No. 126
October 01, 1994

Financial Institutions, Economic Policy, and the Dynamic Behavior of the Economy

by Mauro Gallegati, Domenico Delli Gatti, and Hyman P. Minsky

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Bard College
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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.