The inconsistency of French regulation mode faced with the financialization of accumulation pattern.

Mickaël Clévenot (1) , Yann Guy (2)

1 CEPN - Centre d'Economie de l'Université Paris Nord (ancienne affiliation)
2 GERME - Groupe d'Études sur la Régulation et les Mutations

The absence of specifically dedicated method to represent financialized capitalism constitutes a significant gap in contemporary macroeconomic modelling considering the impact of finance on the rules of wealth production and distribution. From both the lessons of Regulation theory in terms of accumulation pattern and regulation mode declined through the concepts of institutional hierarchy and complementarity, and the neo-Cambridgian modelling framework, one tries to establish the causes which prevail in the divergence of American and French economies in the adoption of finance-led capitalism.

Mots clés: modelling and macroeconomic simulation; institutional complementarity and hierarchy; accumulation regime; regulation pattern; financialization.; financialization

Domaines: Economies et finances

Mickaël Clévenot, Yann Guy. The inconsistency of French regulation mode faced with the financialization of accumulation pattern.: The contributions of Regulation approach and neo-Cambridgian modelling.. 2007. ⟨hal-00188614⟩