The article presents a basic Sraffian supermultiplier model for the analysis of fiscal policy and government debt. First, we discuss the assumptions and the equilibrium and stability properties of the model. Next, we investigate the effects on the main endogenous variables of the model (including the primary government deficit and debt ratios) of changes in the rate of growth and composition of autonomous demand, in the tax rates on profits and wages, and in the rate of interest. The analysis of the impacts of changes in the interest rate is conducted according to two possible closures for the Classical/Sraffian theory of income distribution. In the first closure the changes in the rate of interest do not affect income distribution between wages and profits, which implies that its influence over the endogenous variables operates only through the financial component of total government deficit. The second closure is the monetary theory of distribution, according to which there is an inverse relationship between the rate of interest and the wage share. In this case, besides the pure financial effect, we show that the change in the rate of interest affects the economy through the equilibrium value of the supermultiplier and the tax burden. Classification‐JEL: E11, E12, O41

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用于分析财政政策和政府债务的基线超乘数模型

本文提出了一个基本的 Sraffian 超乘数模型，用于分析财政政策和政府债务。首先，我们讨论模型的假设以及平衡和稳定性属性。接下来，我们研究了增长速度和自主需求构成、利润和工资税率的变化对模型主要内生变量（包括初级政府赤字和债务比率）的影响。出于兴趣。对利率变化影响的分析是根据古典/斯拉夫收入分配理论的两种可能的结论进行的。在第一次封闭中，利率的变化不影响工资和利润之间的收入分配，这意味着它对内生变量的影响仅通过政府总赤字的金融成分起作用。第二个结论是货币分配理论，根据该理论，利率和工资份额之间存在反比关系。在这种情况下，除了纯金融效应之外，我们还表明利率的变化通过超级乘数和税收负担的​​均衡值影响经济。分类â????JEL：E11、E12、O41 我们表明利率的变化通过超级乘数和税收负担的​​均衡值影响经济。分类â????JEL：E11、E12、O41 我们表明利率的变化通过超级乘数和税收负担的​​均衡值影响经济。分类 ????JEL：E11、E12、O41