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Kaldor and Piketty’s Facts: The Rise of Monopoly Power in the United States

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NBER2018-02-01 更新2025-01-04 收录
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The macroeconomic data of the last thirty years has overturned at least two of Kaldors famous stylized growth facts: constant interest rates, and a constant labor share. At the same time, the research of Piketty and others has introduced several new and surprising facts: an increase in the financial

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2018-02-01
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