Money, fiscal policy and the Cambridge theorem
将剑桥收入分配理论扩展到货币经济，分析货币融资的财政赤字对稳态通胀、储蓄和利润分配的影响，发现帕西内蒂悖论仅适用于非货币或价格不变的经济。
This paper extends the Cambridge theory of income distribution to a monetary economy and explores the implications of fiscal deficits that are money financed. It is shown that the Pasinetti Paradox represents a special case applicable to either a nonmonetary economy or a monetary economy with constant prices. Once steady-state inflation is introduced, this generates an inflation tax on money holdings which affects saving. If the distribution of money holdings depends upon relative consumption shares, then the savings propensity of workers affects the distribution of the burden of the inflation tax, which in turn affects the profit rate and profit share. Copyright 1997 by Oxford University Press.