This paper argues for a fundamental reorientation of fiscal policy, from the current aggregate demand management model … to a model that explicitly and directly targets the unemployed. Even though aggregate demand management has several …

This paper argues for a fundamental reorientation of fiscal policy, from the current aggregate demand management model … to a model that explicitly and directly targets the unemployed. Even though aggregate demand management has several …

This paper argues for a fundamental reorientation of fiscal policy from the current aggregate demand management model … to a model that explicitly and directly targets the unemployed. Some advantages notwithstanding, aggregate demand … management has a number of serious drawbacks that merit its reconsideration. This paper identifies these shortcomings and builds …