Income distribution and the multiplier : an exploration of nonlinear distribution effects in linear Kaleckian distribution and growth models
In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to changes in income distribution. This effect gives rise to non-linearity of distributional effects, even in basic models. Under certain conditions, an important consequence from the distr...
Berlin School of Economics and Law, Institute for International Political Economy Berlin
|Series:||Institute for International Political Economy. Working papers
no. 121 (2019) |
|Physical Description:||1 Online-Ressource (circa 46 Seiten) Illustrationen|
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