Demand and distribution in integrated economies
用一个两国新卡莱茨基模型分析短期中收入分配如何影响总需求，并讨论贬值和再分配政策的效果，发现扩张性贬值条件下提高工资份额更可能刺激经济。
Aggregate demand is influenced by the functional income distribution of an economy and that of its trading partners. This relationship between income distribution and output is analyzed in a short-run two-country Neo-Kaleckian model. The effects of devaluation and redistribution are discussed in detail. Trade and redistribution within one country interact and output increases or decreases with changes in either depending on the specific distributional and exchange rate movements. The Marshall-Lerner condition is shown to be equivalent to the assumption of expansionary devaluation. If devaluation increases output, national redistribution policy toward wage earners is also more likely to be expansionary. (author's abstract)