Tax Progressivity, Public Debt, and Growth in a Neo‐Kaleckian Model

Tailiny Ventura et al.

Metroeconomica: international review of economics2026https://doi.org/10.1111/meca.70016article
AJG 1ABDC B
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0.50

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ABSTRACT We develop a neo‐Kaleckian growth‐and‐distribution model featuring two classes of workers and a progressive income tax. Two fiscal closures are considered: balanced budgets and deficit financing via public debt. We study the responses to shocks, including changes in functional income distribution, and assess how tax progressivity alters demand and accumulation regimes. Outcomes hinge on the interaction between class‐specific saving‐rate differentials and tax progressivity. Hence, redistribution and tax‐reform policies should be designed to match the economy's context and underlying saving behavior, rather than following a one‐size‐fits‐all rule.

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https://doi.org/https://doi.org/10.1111/meca.70016

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@article{tailiny2026,
  title        = {{Tax Progressivity, Public Debt, and Growth in a Neo‐Kaleckian Model}},
  author       = {Tailiny Ventura et al.},
  journal      = {Metroeconomica: international review of economics},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/meca.70016},
}

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Tax Progressivity, Public Debt, and Growth in a Neo‐Kaleckian Model

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F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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