Money and Functional Distribution of Income
在均衡模型框架下分析短期货币增长对功能性收入份额的影响，发现未预期的货币增长会同时提高工资和利润总额，实证结果部分支持模型预测。
This paper analyzes the role of money growth on functional income shares in the short-run. The analysis is conducted within the framework of an equilibrium model. It is shown that a currently unperceived shock to money growth leads to an increase in both total wages and profits. The empirical findings provide some support for the predictions of the model with respect to the role of unanticipated money growth, but also find evidence about the significance of anticipated money growth. Copyright 1989 by Ohio State University Press.