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Regime-Changes in a Stock-Flow-Consistent Model

Listed author(s):
  • Romar Correa

    ()

    (Department of Economics, University of Mumbai)

We explore the dynamical properties of the Godley-Lavoie model with a focus on Central Bank horizons. The stability properties of modes of regulation are traced from a regime of private bank money to the current crisis with the Central Bank levers of short-term bonds issue to the emerging policy regime of long-term bonds as built-in stabilizers.

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File URL: http://indecs.eu/2010/indecs2010-pp24-33.pdf
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Article provided by Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu in its journal Interdisciplinary Description of Complex Systems.

Volume (Year): 8 (2010)
Issue (Month): 1 ()
Pages: 24-33

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Handle: RePEc:zna:indecs:v:8:y:2010:i:1:p:24-33
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