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Persistent link: https://www.econbiz.de/10012670368
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...
Persistent link: https://www.econbiz.de/10012581571
Persistent link: https://www.econbiz.de/10013186501
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...
Persistent link: https://www.econbiz.de/10012286094
Persistent link: https://www.econbiz.de/10012258161
This paper contributes to the literature on secular stagnation by estimating a measure of potential output growth for the post-war US economy derived from a novel model specification that allows for the cyclical interactions between income distribution, represented by the trajectory of the labor...
Persistent link: https://www.econbiz.de/10012007772
Persistent link: https://www.econbiz.de/10011797295