Financialization, Distribution and Accumulation: A Circuit of Capital Model with A Managerial Class

Vasudevan Ramaa

首页> 外文期刊>Metroeconomica >Financialization, Distribution and Accumulation: A Circuit of Capital Model with A Managerial Class

【24h】

Financialization, Distribution and Accumulation: A Circuit of Capital Model with A Managerial Class

机译：金融化，分配与积累：具有管理阶层的资本模型的循环

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

This paper explores some implications of financialization and rising consumer debt on the interplay of inequality and growth in a circuit of capital model, which includes a managerial class. Two possible closures' are presented in the paper. With the Classical-Marxian closure, credit (specifically consumer credit) endogenously adjusts to the pace of accumulation. With the alternative Keynesian closure, exogenous consumer credit determines the rate of steady-state growth. Two regimes of accumulation are identified on the basis of these two closures. Accumulation is constrained by profitability in the first regime and increasing inequality in the second regime. The paper also investigates the impact of rising managerial income on demand and accumulation. The managerial class plays a dual role in the capitalist economy increasing productivity on one hand and diverting a share of surplus from investment to consumption on the other.

机译：本文探讨了金融化和消费者债务增加对包括管理阶层在内的资本模型回路中不平等与增长相互作用的一些影响。本文介绍了两个可能的闭包。随着古典－马克思主义的封闭，信贷（特别是消费者信贷）会内生地适应积累的步伐。通过凯恩斯主义的替代封闭，外生的消费者信贷决定了稳态增长的速度。基于这两个封闭，确定了两种积累方式。积累受到第一种体制的获利能力和第二种体制的不平等加剧的制约。本文还研究了管理收入增长对需求和积累的影响。管理阶层在资本主义经济中起着双重作用，一方面提高了生产率，另一方面将剩余的一部分从投资转移到了消费。

著录项

来源
《Metroeconomica》 |2016年第2期|397-428|共32页
作者
Vasudevan Ramaa;
展开▼
作者单位

Colorado State Univ, Ft Collins, CO 80523 USA;

展开▼
收录信息
原文格式 PDF
正文语种 eng
中图分类
关键词

相似文献

外文文献
中文文献
专利

1. A neo-Kaleckian model of capital accumulation, income distribution and financial fragility [J] . Rafael Saulo Marques Ribeiro, Alex Wilhans Antonio Palludeto EconomiA . 2016,第3期

机译：资本积累，收入分配和金融脆弱性的新卡莱克式模型
2. 'Financialization,' distribution, capital accumulation, and productivity growth in a post-Kaleckian model [J] . ECKHARD HEIN JPKE: Journal of Post Keynesian Economics . 2012,第3期

机译：后卡莱克模型中的“金融化”，分配，资本积累和生产率增长
3. Oiling global capital accumulation: analysing the principles, practices, and geographical distribution of Islamic financial services [J] . David Bassens, Ben Derudder, Frank Witlox The Service industries journal . 2011,第3a4期

机译：推动全球资本积累：分析伊斯兰金融服务的原则，做法和地域分布
4. System Dynamic Modeling on the Capital Accumulation and Distribution in Enterprises [C] . Qingrui Xu, Yongyi Shou, Lifen Xu, International Conference of the System Dynamics Society . 1999

机译：企业资本累积与分配的系统动态建模
5. Effects of financial frictions on wealth distribution, capital accumulation and business cycles. [D] . Moon, Kyounghwan. 2012

机译：金融摩擦对财富分配，资本积累和商业周期的影响。
6. Social Capital Theory Social Exchange Theory Social Cognitive Theory Financial Literacy and the Role of Knowledge Sharing as a Moderator in Enhancing Financial Well-Being: From Bibliometric Analysis to a Conceptual Framework Model [O] . Asha Thomas, Vikas Gupta 2021

机译：社会资本理论社会交流理论社会认知理论金融扫盲以及知识分享作为中风者在加强金融福祉方面的作用：从概念框架模型的伯格计数分析
7. Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary policy vary across countries? In order to answer these questions, we develop a monetary growth production model with heterogeneous agents. In our economy, optimal policy needs to weigh the effects of policy across two groups — capital owners and individuals who hold liquid assets. While banks help limit the exposure to inflation, there are limits because money alleviates the frictions of private information and limited communication. In this environment, we compare two economies that are identical in every aspect except for their level of financial development. In a country with limited financial development, a stock market is absent. In the other, an equity market is active. In either economy, inflation adversely affects capital formation and output. Individuals who hold liquid assets are always adversely affected by inflation, but the attitude of capital owners depends on the level of financial development. In particular, in the presence of a stock market, the impact of inflation on the welfare of capital owners is non-monotonic. Nevertheless, optimal monetary policy is always more conservative at higher levels of financial development. [O] . TINA M. Edgar A. Ghossoub, TINA M. Robert R. Reedy 100

机译：金融发展和货币政策的分配效应货币政策的分配后果是否取决于金融发展的程度？各国的最优货币政策应该不同吗？为了回答这些问题，我们开发了一个具有异构代理的货币增长生产模型。在我们的经济中，最优政策需要权衡两个群体的政策效应 - 资本所有者和持有流动资产的个人。虽然银行帮助限制通胀风险，但存在限制，因为资金减轻了私人信息的摩擦和有限的沟通。在这种环境下，我们比较两个经济体在各个方面都是相同的，除了它们的金融发展水平。在金融发展有限的国家，缺乏股票市场。另一方面，股票市场活跃。在任一经济体中，通胀都会对资本形成和产出产生不利影响持有流动资产的个人总是受到通货膨胀的不利影响，但资本所有者的态度取决于金融发展的水平。特别是，在股票市场存在的情况下，通货膨胀对资本所有者福利的影响是非单调的。尽管如此，在较高的金融发展水平下，最优货币政策总是更加保守。

Financialization, Distribution and Accumulation: A Circuit of Capital Model with A Managerial Class

摘要

著录项

相似文献

相关主题

期刊订阅