Advanced Search
MyIDEAS: Login to save this article or follow this journal

La teoria monetaria della distribuzione e il caso americano


Author Info

  • Massimo PIVETTI


Registered author(s):


    The paper analyses the relationship between interest and profit and endeavours to apply the "monetary " theory of distribution to the American case. After an overview of the main features of the theory, the paper focuses on the American recent experience of cheap money as an interesting example of interest rate determination in terms of sets of objectives and constraints on the action of the monetary authorities. Special attention is then given to the positive impact of cheap money on consumption, both through income distribution and through household debt-service burden relative to income. Finally, it is argued that the policy followed by the Federal Reserve since 1995 reveals a clear awareness of its real effects on the part of that monetary authority.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL:
    Download Restriction: download restricted to subscribers, see for details

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by SIE - Societa' Italiana degli Economisti (I) in its journal Rivista Italiana degli Economisti.

    Volume (Year): 9 (2004)
    Issue (Month): 2 (August)
    Pages: 225-244

    as in new window
    Handle: RePEc:rie:review:v:9:y:2004:i:2:n:2

    Contact details of provider:
    Postal: Piazzale Martelli, 8, 60121 Ancona (Italy)
    Web page:
    More information through EDIRC

    Order Information:

    Related research



    No references listed on IDEAS
    You can help add them by filling out this form.



    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:rie:review:v:9:y:2004:i:2:n:2. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SIE).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.