This paper provides an analysis of Keynes's original Bancor proposal as well as more recent proposals for fixed …

contrasts with John Maynard Keynes's long-run policy propositions. More important, it is doomed to be ineffective if the degree … of tolerance of fiscal deficits is too low for full employment. Keynes's view that outside the gold standard fiscal …

In his letter to US President Franklin D. Roosevelt Keynes (1933) wrote about "the technique of recovery itself". An … increase in output is brought about by an increase in purchasing power, Keynes argues, which can come from three sectors …: increases in debt of the respective sectors as defined by Keynes. A fourth technique, an increase in spending by the rest of the …

services are produced both in the market and within the households. We use the model to examine how unemployment and welfare … reduces unemployment whereas a tax cut on goods has no effect. A reform involving tax differentiation, with lower taxes on …

Conventional models of equilibrium unemployment typically imply that proportional taxes on labor earnings are neutral … with respect to unemployment as long as the tax does not affect the replacement rate provided by unemployment insurance, i ….e., unemployment benefits relative to after-tax earnings. When home production is an option, the conventional results may no longer …

that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

This study evaluates the impact of agricultural subsidies (CAP) on unemployment and employment outside the agricultural …-order effect. Thus, the Open Economy Relative Multiplier for Sweden is estimated with aggregate municipality data for the years …

targeting affect unemployment, economic growth and the output gap. The results show that inflation targeting causes no harm to … employment in developing and emerging countries. On the contrary, it might reduce average unemployment and narrow the output gap …

Since the foundational work of Keynes (1936) macroeconomists have emphasized the importance of agents' expectations in … explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark …