Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2021
This paper surveys current debates on the distributive cycle. The literature builds on R.M. Goodwin's seminal 1967 … chapter titled "A growth cycle." We review theoretical motivations for the distributive cycle, which, despite significant … differences, all imply that macroeconomic activity leads the labor share in a counter-clockwise cycle in the activity-labor share …