Gomes, Zoraide Bezerra; Lourenço, André Luís Cabral de - In: Journal of Post Keynesian Economics 32 (2009) 2, pp. 291-310
This paper aims to present the conceptual and theoretical framework of the employer of last resort (ELR) program and to verify the possibility of its application to the Brazilian economy. The initial hypothesis, based on the theory of Minsky (1986) and Wray (2003), is that if the government acts...