Financialized growth regime: lessons from Stock Flow Consistent models by Luis Reyes, Jacques Mazier

“…The financialized growth rate that settled in most developed economies in the nineties is characterized by the quest for higher shareholders’ profitability, increased financial accumulation at the expense of productive accumulation and the use of leverage effects. Stock Flow Consistent models à la Godley and Lavoie are well suited to analyze this growth regime. …”
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