| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.2753/PKE0160-3477360203 |
| Cycles of demand and distribution and monetary policy in the U.S. economy. | |
| Rezai A | |
| 发表日期 | 2013 |
| 出处 | Journal of Post Keynesian Economics 36 (2): 231-250 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | The role of monetary policy in the cyclical behavior of the labor share and capacity utilization in the U.S. economy is studied empirically. Previous estimation results remain robust; the inclusion of the rate of interest does not alter the underlying specification of the distributive demand regime. The role of monetary policy in net borrowing flows for four institutional sectors is analyzed. Interest rate effects appear most important for households. Based on this finding, implications for countercyclical stabilization policy are spelled out. |
| 主题 | Risk, Policy and Vulnerability (RPV) ; Risk & ; Resilience (RISK) |
| 关键词 | Effective demand Income distribution Monetary policy Structuralist macroeconomics |
| URL | http://pure.iiasa.ac.at/id/eprint/10287/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/129648 |
| 推荐引用方式 GB/T 7714 | Rezai A. Cycles of demand and distribution and monetary policy in the U.S. economy.. 2013. |
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