I’ll use this page to post doc­u­ments that are inputs to pol­i­cy for­ma­tion.

Sub­mis­sion to the Sen­ate Inquiry into com­pe­ti­tion with­in the Aus­tralian bank­ing sec­tor

I will post my sub­mis­sion short­ly when cleared by the com­mit­tee

QED mod­el to illus­trate that bank prof­its rise as debt is cre­at­ed more quick­ly.

My Sub­mis­sion to the Wal­lis Com­mit­tee in 1996

Sup­ple­men­tary let­ter (after learn­ing from the Com­mit­tee at the Hear­ing that they were con­sid­er­ing allow­ing secu­ri­tised lend­ing).

Talk at Par­lia­men­tary Library Novem­ber 26th 2008 (to be added after the talk)

This page lists and links to my aca­d­e­m­ic papers. If you would like to sup­port my research, please click on this link: Research Fund­ing.

Research Financial Instability and Endogenous Money.

A mon­e­tary Min­sky mod­el of the Great Mod­er­a­tion & the Great Reces­sion. This paper is forth­com­ing in the Jour­nal of Eco­nom­ic Behav­ior and Orga­ni­za­tion. The sim­u­la­tions there are  slight­ly mis­lead­ing since the ini­tial con­di­tions con­tained an incon­sis­ten­cy; these have since been cor­rect­ed to yield the same long term out­come but far less volatile ini­tial fluc­tu­a­tions. I’ll pub­lish the paper with these revised con­di­tions short­ly