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| HAL : halshs-00149388, version 1 |
| Fiche détaillée |  Récupérer au format |
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| Colloque CES-MATISSE « Etat et régulation sociale. Comment penser la cohérence de l'intervention publique ? », Paris : France (2006) |
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| Profit-led or Wage-led Regimes: the Effect of Saving Behaviours |
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| Nicolas Canry 1 |
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| (12/09/2006) |
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| In this article, we modify the saving function of the Bhaduri-Marglin model and obtain a hump-shaped curve of output in function of wage-share: the nature -exhilarationist or stagnationist- of the economic regime depends on the level of income distribution. Economic policy can thus consist of shifting income distribution by redistributive policy in order to stimulate output. These conclusions remain valid in open economy, even though the exhilarationist regime is then more likely to arise. At last, we adopt a dynamic perspective by adding a wage equation to the model, which is thus characterised either by cycles or an underemployment equilibrium. |
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| 1 : | Centre d'économie de la Sorbonne (CES) |
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CNRS : UMR8174 – Université Paris I - Panthéon Sorbonne |
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| Discipline | : | Sciences de l'Homme et Société/Economie et finances |
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| Cycles – Income share – Post-Keynesian theory – Saving – Unemployment |
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| halshs-00149388, version 1 | |
| http://halshs.archives-ouvertes.fr/halshs-00149388 | |
| oai:halshs.archives-ouvertes.fr:halshs-00149388 | |
| Contributeur : Nicolas Canry | |
| Soumis le : Samedi 9 Juin 2007, 07:00:01 | |
| Dernière modification le : Mercredi 28 Janvier 2009, 16:32:55 | |
