Quotation Rezai, Armon. 2013. Cycles of demand and distribution and monetary policy in the US economy. Journal of Post Keynesian Economics 36, 231-250.


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Abstract

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.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Post Keynesian Economics
Citation Index SSCI
WU Journalrating 2009 A
Language English
Title Cycles of demand and distribution and monetary policy in the US economy
Volume 36
Year 2013
Page from 231
Page to 250
Reviewed? Y
DOI http://dx.doi.org/10.2753/PKE0160-3477360203

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People
Rezai, Armon (Details)
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Institute for Multi-Level Governance and Development IN (Details)
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