La relación entre tasa de interés real y la tasa de ganancia: un estudio empírico para EUA 1869-2009


Iván Mendieta Muñoz

Alejandro Vallle Baeza

Valle Baeza, Alejandro y Mendieta Muñoz, Iván. «What is the Relationship Between the Rates of Interest and Profit? An Empirical Note for the U.S. Economy, 1869-2009». /Investigación Económica/ LXXI, n^o . 280 (junio 2012): 163–183.

The current paper aims at contributing to the study of the relationship between the rates of interest and profit by offering an empirical analysis of the United States (U.S.) economy during the period 1869-2009, which has rendered the  following findings: 1) the general rate of profit has fixed an upper limit to the real short-term and long-term Federal Funds interest rates; 2) the real long-term Federal Funds interest rate has undergone movements similar to those of the general rate of profit, whereas the short-run Federal Funds
interest has experienced opposite movements regarding the latter; and 3) there  is evidence supporting heterodox theories  emphasizing that monetary policy affects the distribution of income through the modification of the rate of profit, which entails that monetary factors can be directly allowed in the determination of the rate of profit.

Responder

Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de WordPress.com

Estás comentando usando tu cuenta de WordPress.com. Cerrar sesión / Cambiar )

Imagen de Twitter

Estás comentando usando tu cuenta de Twitter. Cerrar sesión / Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Cerrar sesión / Cambiar )

Google+ photo

Estás comentando usando tu cuenta de Google+. Cerrar sesión / Cambiar )

Conectando a %s