THE PROFIT-INVESTMENT-UNEMPLOYMENT NEXUS AND CAPACITY UTILIZATION IN A STOCK-FLOW CONSISTENT MODEL

被引：3

作者：

Chatelain, Jean-Bernard ^{[1
]}

机构：

[1] Univ Paris 01, Ctr Econ Sorbonne, CES, F-75647 Paris 13, France

来源：

METROECONOMICA | 2010年 / 61卷 / 03期

关键词：

EUROPEAN UNEMPLOYMENT; POLICY; FIRMS; PANEL;

D O I：

10.1111/j.1467-999X.2009.04074.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies under which conditions the share of profit in value-added, financial constraints on investment and capital shortage may foster unemployment and may limit the growth of capital and/or the growth of aggregate demand, in a stock-flow consistent model. The efficiency of demand-side versus supply-side economic policies (decrease of the real interest rate and/or of the real wage, increase of the leverage ceiling constraint) depends on capital shortage and credit rationing, which are not necessarily simultaneous due to the effects of investment on aggregate demand and supply.

引用

页码：454 / 472

页数：19

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