Regime-changes in a stock-flow-consistent model

Interdisciplinary Description of Complex Systems

关键词: financial crises;    long-term bonds;   

DOI  :  

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown