发布求助
文献互助 智能选刊 最新文献

经济学最新文献

筛选
英文 中文
Distribution and Steady-State Growth Revisited 重新审视分布和稳态增长
IF 0.8 3区 经济学
Metroeconomica Pub Date : 2026-10-10 Epub Date: 2025-07-12 DOI: 10.1111/meca.12508
Mark Setterfield
{"title":"Distribution and Steady-State Growth Revisited","authors":"Mark Setterfield","doi":"10.1111/meca.12508","DOIUrl":"https://doi.org/10.1111/meca.12508","url":null,"abstract":"<div>\u0000 \u0000 <p>Motivated by extensions to the neo-Goodwinian framework pioneered by Lance Taylor, this paper investigates the two-way interaction between growth and distribution. A particular focus is the effects of distribution on both the equilibrium and natural rates of growth, and the reconciliation of these growth rates in a steady-state configuration. A model is developed in which medium-run growth is profit-led, but steady-state growth is wage-led. This result is shown to be robust to the introduction of different sources of technical change, and the demand- and supply-side effects of human capacities accumulation.</p>\u0000 </div>","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"77 4","pages":"410-421"},"PeriodicalIF":0.8,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149146484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Contractionary Effects of Devaluation and the Balance Sheet Effect in a Macroeconomic Model With Heterogeneous Firms 异质企业宏观经济模型中的贬值收缩效应和资产负债表效应
IF 0.8 3区 经济学
Metroeconomica Pub Date : 2026-10-10 Epub Date: 2026-04-11 DOI: 10.1111/meca.70020
Lucca Gustafson Rodrigues, Lílian Rolim, Laura Carvalho
{"title":"Contractionary Effects of Devaluation and the Balance Sheet Effect in a Macroeconomic Model With Heterogeneous Firms","authors":"Lucca Gustafson Rodrigues,&nbsp;Lílian Rolim,&nbsp;Laura Carvalho","doi":"10.1111/meca.70020","DOIUrl":"https://doi.org/10.1111/meca.70020","url":null,"abstract":"<p>We propose a demand-led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects. This effect is mediated by the responsiveness of exports to the exchange rate and is attenuated when the traditional trade channel is stronger. Still, the balance sheet effect operates increasing indebtedness and financial instability.</p>","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"77 4","pages":"326-340"},"PeriodicalIF":0.8,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/meca.70020","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149146460","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Structural Change and the Labor Share: Insights From Baumol and Lewis 结构变化与劳动收入占比：来自鲍莫尔和刘易斯的见解
IF 0.8 3区 经济学
Metroeconomica Pub Date : 2026-10-10 Epub Date: 2025-11-27 DOI: 10.1111/meca.70004
Codrina Rada, Ansel Schiavone
{"title":"Structural Change and the Labor Share: Insights From Baumol and Lewis","authors":"Codrina Rada,&nbsp;Ansel Schiavone","doi":"10.1111/meca.70004","DOIUrl":"https://doi.org/10.1111/meca.70004","url":null,"abstract":"<p>This paper makes two contributions. First, it links a model of structural change and income distribution to a method of decomposing the aggregate labor share into sectoral contributions. Second, it formalizes the interaction between structural change and the labor share using Baumol (1967) and Lewis (1954). The premise is a shift of employment from progressive to stagnant sectors. We find that: stagnant sector labor share dominates distribution under Baumolian assumptions; and, only the Lewis model can deliver a decline in the aggregate labor share for an economy undergoing a reverse-Lewis structural change along the lines of Taylor and Ömer (2019).</p>","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"77 4","pages":"438-449"},"PeriodicalIF":0.8,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/meca.70004","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149146567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Revising Structuralism in Times of Crisis: Lance Taylor and the Neo-Structuralist Synthesis in the 1980s 危机时代对结构主义的修正：兰斯·泰勒与80年代新结构主义的综合
IF 0.8 3区 经济学
Metroeconomica Pub Date : 2026-10-10 Epub Date: 2026-05-10 DOI: 10.1111/meca.70021
Andrew M. Fischer
{"title":"Revising Structuralism in Times of Crisis: Lance Taylor and the Neo-Structuralist Synthesis in the 1980s","authors":"Andrew M. Fischer","doi":"10.1111/meca.70021","DOIUrl":"https://doi.org/10.1111/meca.70021","url":null,"abstract":"<p>This article places the work of Lance Taylor in the broader context of efforts in the 1980s to renew the structuralist tradition of development economics, into what was then newly coined as neo-structuralism. These efforts centred around three groups: CEPAL, Lance Taylor and his team at MIT, and a group of economists based at the Institute of Social Studies in The Hague. The efforts included a strong focus on theoretical modelling, in which Lance Taylor played a leading role, albeit with much tension and debate from within these efforts, especially around whether to accommodate or reject neoclassical microfoundations. Taylor's position was ambiguous in this regard, although he was possibly pushed towards a more explicit heterodox position in the 1990s through the interactions and debates between these three groups in the 1980s.</p>","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"77 4","pages":"365-378"},"PeriodicalIF":0.8,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/meca.70021","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149146592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Racial Inequality, Growth and Distribution 种族不平等，增长和分配
IF 0.8 3区 经济学
Metroeconomica Pub Date : 2026-10-10 Epub Date: 2026-04-03 DOI: 10.1111/meca.70018
Amitava Krishna Dutt
{"title":"Racial Inequality, Growth and Distribution","authors":"Amitava Krishna Dutt","doi":"10.1111/meca.70018","DOIUrl":"https://doi.org/10.1111/meca.70018","url":null,"abstract":"<p>A post-Keynesian-Kaleckian model along structuralist lines is developed to incorporate the issue of racial inequality into the analysis of growth and distribution. It draws on ideas presented in the literature about the relationship between class inequality between capitalists and workers, and racial inequality between White and Black workers, including the recent contributions to stratification economics. The model formalizes the dynamics of racial and class inequality to show that racial discrimination can persist in the long run, but various patterns of the evolution of inequality can emerge, including stable equilibria, multiple equilibria and instability. The dynamics is found to depend on whether growth is wage led or profit led, and on how racial inequality affects and is affected by class inequality.</p>","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"77 4","pages":"379-391"},"PeriodicalIF":0.8,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/meca.70018","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149145640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right “财务平衡”是如何融资的？威克塞尔、凯恩斯和美国主流不适合当今的制度卡莱茨基，特里芬和明斯基做对了
IF 0.8 3区 经济学
Metroeconomica Pub Date : 2026-10-10 Epub Date: 2025-12-05 DOI: 10.1111/meca.70007
Michalis Nikiforos, Lance Taylor
{"title":"How Are “Financial Balances” Financed? Wicksell, (Keynes) and the US Mainstream Don't Fit Today's Institutions; Kalecki, Triffin, and Minsky Got it Right","authors":"Michalis Nikiforos,&nbsp;Lance Taylor","doi":"10.1111/meca.70007","DOIUrl":"https://doi.org/10.1111/meca.70007","url":null,"abstract":"<p>The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation. Keynes's liquidity preference theory is correct but, in its original formulation, overlooked government and foreign sector flows. The internal finance of business investment aligns with Kalecki's profit equation. The foreign deficit, tied to the dollar's role as a reserve currency, reflects systemic global demand for dollar assets, as explained by Triffin and Minsky.</p>","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"77 4","pages":"310-325"},"PeriodicalIF":0.8,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/meca.70007","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149145968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Demand-Led Growth Under Inflation Targeting: A Dynamic Structuralist Post Keynesian Model 通胀目标制下的需求导向增长：后凯恩斯主义动态结构主义模型
IF 0.8 3区 经济学
Metroeconomica Pub Date : 2026-10-10 Epub Date: 2026-03-23 DOI: 10.1111/meca.70017
Nelson H. Barbosa-Filho
{"title":"Demand-Led Growth Under Inflation Targeting: A Dynamic Structuralist Post Keynesian Model","authors":"Nelson H. Barbosa-Filho","doi":"10.1111/meca.70017","DOIUrl":"https://doi.org/10.1111/meca.70017","url":null,"abstract":"<div>\u0000 \u0000 <p>This paper presents a Structuralist-Post-Keynesian model of growth, distribution, and inflation target. The simulation results show that inflation can be on target under very different structural configurations, meaning that there is more than one growth rate consistent with a given inflation target, and the same holds for the employment rate, the labor share, and the real interest rate. The results also show that endogenous indexation sets a limit to expansionary policies because, if inflation stays too high for too long, inflation becomes rigid downwards and explosive upwards. On the other hand, contractionary policies can produce self-fulfilling slow-growth expectations.</p>\u0000 </div>","PeriodicalId":46885,"journal":{"name":"Metroeconomica","volume":"77 4","pages":"470-483"},"PeriodicalIF":0.8,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149146540","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective CBDC作为银行存款的不完美替代品：宏观经济视角
IF 1.9 3区 经济学
Journal of Money Credit and Banking Pub Date : 2026-10-10 Epub Date: 2025-08-28 DOI: 10.1111/jmcb.13268
PHILIPPE BACCHETTA, ELENA PERAZZI
{"title":"CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective","authors":"PHILIPPE BACCHETTA,&nbsp;ELENA PERAZZI","doi":"10.1111/jmcb.13268","DOIUrl":"https://doi.org/10.1111/jmcb.13268","url":null,"abstract":"<p>The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed-economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity. We examine how interest-bearing CBDC would affect the banking sector, public finance, GDP, and welfare. Welfare may improve through three channels: seigniorage; a lower opportunity cost of money; and a redistribution away from bank owners. In our numerical analysis, we find a maximum welfare improvement of almost 50 bps in consumption terms.</p>","PeriodicalId":48328,"journal":{"name":"Journal of Money Credit and Banking","volume":"58 7","pages":"2085-2113"},"PeriodicalIF":1.9,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/jmcb.13268","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149163174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Asset Exemption in Bankruptcy, Access to and Cost of Credit 破产中的资产豁免，信贷的获取和成本
IF 1.9 3区 经济学
Journal of Money Credit and Banking Pub Date : 2026-10-10 Epub Date: 2024-11-15 DOI: 10.1111/jmcb.13236
PASQUALINA ARCA, GIANFRANCO ATZENI, LUCA G. DEIDDA
{"title":"Asset Exemption in Bankruptcy, Access to and Cost of Credit","authors":"PASQUALINA ARCA,&nbsp;GIANFRANCO ATZENI,&nbsp;LUCA G. DEIDDA","doi":"10.1111/jmcb.13236","DOIUrl":"https://doi.org/10.1111/jmcb.13236","url":null,"abstract":"<p>Under the U.S. personal bankruptcy law, exempt assets are not liquidated following bankruptcy. Entrepreneurs can undo such a protection by posting collateral. We provide a complete characterization of the interplay between asset exemption from liquidation upon default and adverse selection in a competitive credit market. Severe adverse selection induces separation, with safer entrepreneurs choosing loan contracts characterized by high collateral requirements, lower cost of credit, and credit rationing for wealth-constraints applicants. Irrespective of adverse selection, poor safe entrepreneurs pool as they face too much rationing, otherwise. Higher exemption makes collateral more informative. Evidence from the Survey of Small Business Finances survey supports our theory.</p>","PeriodicalId":48328,"journal":{"name":"Journal of Money Credit and Banking","volume":"58 7","pages":"2115-2147"},"PeriodicalIF":1.9,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149163277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Joined at the Hip: Monetary and Fiscal Policy in a Liquidity-Dependent World 《紧跟潮流：依赖流动性的世界中的货币与财政政策》
IF 1.9 3区 经济学
Journal of Money Credit and Banking Pub Date : 2026-10-10 Epub Date: 2026-02-24 DOI: 10.1111/jmcb.70032
GUILLERMO A. CALVO, ANDRÉS VELASCO
{"title":"Joined at the Hip: Monetary and Fiscal Policy in a Liquidity-Dependent World","authors":"GUILLERMO A. CALVO,&nbsp;ANDRÉS VELASCO","doi":"10.1111/jmcb.70032","DOIUrl":"https://doi.org/10.1111/jmcb.70032","url":null,"abstract":"<p>We study the effects of monetary and fiscal policies when both money and government bonds provide liquidity services. Because money is the unit of account, the price of money is the inverse of the price level. If prices are sticky, so is the price of money in terms of goods, and this is one important reason why money is liquid and attractive. By contrast, the price of government bonds is free to jump and often does, especially in response to news about changes in fiscal policy and the supply of bonds. Those movements in government bond prices affect available liquidity, and therefore aggregate demand, inflation, and output. Under these conditions, bond-financed fiscal expansions can be contractionary, causing deflation and a temporary recession. To avoid those effects, changes in bond supply must be matched by changes in money supply and in the interest rate on money. We conclude that in a liquidity-dependent world, fiscal and monetary policies are <i>joined at the hip</i>.</p>","PeriodicalId":48328,"journal":{"name":"Journal of Money Credit and Banking","volume":"58 7","pages":"1931-1953"},"PeriodicalIF":1.9,"publicationDate":"2026-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149163215","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：604180095
Book学术官方微信
小红书