Mitchell and Mosler (M&M) in their paper provide a critique of neoclassical remedies for unemployment and recommend a job guarantee scheme that they argue would lead to permanent full employment. The fundamental underpinning of their analysis is that unemployment is due to a lack of aggregate...

This paper attempts to assess the relative performance of the Australian Labor Party (ALP) and the Coalition governments in their management of the Australian macroeconomy. Given the problem of defining an appropriate counterfactual, we make comparisons using a number of different methods....