Government debt, income distribution and growth
构建了一个后凯恩斯模型，研究政府债务是否因用工人税收支付富人持有的债务利息而恶化收入分配，发现债务扩张可能提高工人收入，其对不平等的影响取决于具体情境。
This paper takes up the question of whether government debt worsens the distribution of income as tax revenues from workers are used to pay for the interest on the debt held by the rich. In so doing, we develop a post-Keynesian model in which growth is determined by aggregate demand rather than by die supply of resources and income is distributed between workers who earn wages and capitalists who receive profit and interest income. Our analysis highlights the possible expansionary effect of a rise in government debt which may raise the income of the workers, and it shows that its precise effect on income inequality depends on die circumstances under which government debt rises.