| 来源类型 | Article |
| 规范类型 | 其他 |
| DOI | 10.1093/cje/beu060 |
| Demand and distribution in integrated economies. | |
| Rezai A | |
| 发表日期 | 2015 |
| 出处 | Cambridge Journal of Economics 39 (5): 1399-1414 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Aggregate demand is influenced by the functional distribution of income of an economy and that of its trading partner. The relationship between income distribution and output is analysed in a short-run, two-country neo-Kaleckian model. The effects of devaluation and redistribution are discussed in detail. Trade and redistribution within one country interact and output increases or decreases with changes in either depending on the specific distributional and exchange rate movements. The Marshall-Lerner condition is shown to be equivalent to the assumption of expansionary evaluation. If devaluation increases output, national redistribution policy towards wage earners is also more likely to be expansionary. |
| 主题 | Risk & ; Resilience (RISK) ; Risk, Policy and Vulnerability (RPV) |
| 关键词 | adding-up constraints devaluation distribution growth international macroeconomics open economy |
| URL | http://pure.iiasa.ac.at/id/eprint/11380/ |
| 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/130315 |
| 推荐引用方式 GB/T 7714 | Rezai A. Demand and distribution in integrated economies.. 2015. |
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