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Capital stock and unemployment : searching for the missing link
Pérez-Soba Aguilar, Inés; Márquez De la Cruz, Elena; … - 2006
the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the last four decades. The authors … of imports, and aggregate capacity utilization were determinants of the NAIRU during the period. The same evidence also … shows that technical progress and changes in long-term unemployment did not affect the NAIRU. We believe this evidence …
Persistent link: https://www.econbiz.de/10003720627
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Employment guarantee programs : a survey of theories and policy experiences
Kaboub, Fadhel (contributor) - 2007
This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and France. The theoretical and policy developments are delineated in a historical...
Persistent link: https://www.econbiz.de/10003727004
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ELR-led economic development : a plan for Tunisia
Kaboub, Fadhel (contributor) - 2007
This paper establishes the financial feasibility of an employer-of-last-resort (ELR) program in a small developing country like Tunisia. It argues that an ELR-led economic development policy is vastly superior to the traditional import substitution industrialization (ISI), export-led, and...
Persistent link: https://www.econbiz.de/10003727005
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The right to a job, the right types of projects : employment guarantee policies from a gender perspective
Antonopoulos, Rania (contributor) - 2007
There is now widespread recognition that in most countries, private-sector investment has not been able to absorb surplus labor. This is all the more the case for poor unskilled people. Public works programs and employment guarantee schemes in South Africa, India, and other countries provide...
Persistent link: https://www.econbiz.de/10003727242
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The return of fiscal policy : can the new developments in the new economic consensus be reconciled with the Post-Keynesian view?
Tcherneva, Pavlina R. (contributor) - 2008
The monetarist counterrevolution and the stagflation period of the 1970s were among the theoretical and practical developments that led to the rejection of fiscal policy as a useful tool for macroeconomic stabilization and full employment determination. Recent mainstream contributions, however,...
Persistent link: https://www.econbiz.de/10003772163
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Promoting equality through an employment of last resort policy
Papadimitriou, Dimitri Basil (contributor) - 2008
To put an economy on an equitable growth path, economic development must be based on social efficiency, equity, and job creation. It has been shown that unemployment has far-reaching effects, all leading to an inequitable distribution of well-being. But many economists assume that unemployment...
Persistent link: https://www.econbiz.de/10003773515
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Hypothetical integration in a social accounting matrix and fixed-price multiplier analysis
Kim, Kijong (contributor) - 2008
This study proposes a simple modification to a Social Accounting Matrix (SAM) in order to analyze the multiplier effects of a new sector. A different input composition, or technology, of the sector makes a conventional analysis of final-demand injections on existing sectors invalid. We show that...
Persistent link: https://www.econbiz.de/10003807706
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Reorienting fiscal policy after the great recession
Tcherneva, Pavlina R. - 2012
The paper evaluates the fiscal policy initiatives during the Great Recession in the United States. It argues that, although the nonconventional fiscal policies targeted at the financial sector dwarfed the conventional countercyclical stabilization efforts directed toward the real sector, the...
Persistent link: https://www.econbiz.de/10009532231
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What do poor women want? : public employment or cash transfers? ; lessons from Argentina
Tcherneva, Pavlina R. - 2012
The literature on public employment policies such as the job guarantee (JG) and the employer of last resort (ELR) often emphasizes their macroeconomic stabilization effects. But carefully designed and implemented policies like these can also have profound social transformative effects. In...
Persistent link: https://www.econbiz.de/10009485786
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Inflationary and distributional effects of alternative fiscal policies : an augmented Minskyan-Kaleckian model
Tcherneva, Pavlina R. - 2012
This paper augments the basic Post-Keynesian markup model to examine the effects of different fiscal policies on prices and income distribution. This is an approach à la Hyman P. Minsky, who argued that in the modern era, government is both 'a blessing and a curse', since it stabilizes profits...
Persistent link: https://www.econbiz.de/10009487385