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What jobs should a public job guarantee provide? : lessons from Hyman P. Minsky
Haim, Daniel - 2021
The job guarantee is a viable policy option for tackling both unemployment and underemployment. Hyman P. Minsky was one of the seminal writers on this subject. The first part of this working paper provides a survey of Minsky's writings to identify what kind of jobs he had in mind when...
Persistent link: https://www.econbiz.de/10012419360
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Full employment : a survey of theory, empirics and policies
Lichtenberger, Andreas; Heimberger, Philipp; Arsenev, … - 2024
The concept of full employment is associated with diverse economic, political and social aspects. We provide a survey of theory, empirics and policy issues related to full employment. We make a novel contribution by tying together multi-dimensional aspects of full employment regarding...
Persistent link: https://www.econbiz.de/10014541848
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The Freedom Budget at 45 : functional finance and full employment
Forstater, Mathew - 2011
Forty-five years ago, the A. Philip Randolph Institute issued "The Freedom Budget," in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working,...
Persistent link: https://www.econbiz.de/10008990923
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The Freedom Budget at 45 : Functional Finance and Full Employment
Forstater, Mathew - 2011
Forty-five years ago, the A. Philip Randolph Institute issued “The Freedom Budget,” in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be...
Persistent link: https://www.econbiz.de/10013125733
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u* = √uv
Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022
Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of labor--both jobseeking and recruiting. The...
Persistent link: https://www.econbiz.de/10013334429
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Has the time for a European job guarantee policy arrived?
Antonopoulos, Rania - 2023
inflation and declining real wages - governments must engage in a transformative agenda and go beyond emergency energy vouchers … a starting point; a permanent policy of automatic adjustment of wages to inflation rates in all member states should be …
Persistent link: https://www.econbiz.de/10014313430
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Rethinking conflict inflation : the hybrid Keynesian-NAIRU character of the conflict Phillips curve
Palley, Thomas I. - 2024 - Revised March 2024
This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a … hybrid of Keynesian and NAIRU dynamics. Conflict inflation arises when economic activity rises above the consistent claims …
Persistent link: https://www.econbiz.de/10014529512
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Globalisation, Labour Markets and International Adjustment - Essays in Honour of Palle S. Andersen
White, William R.; Gudmundsson, Mar; Turner, Philip - 2010
theme of the conference reflects Mr Andersen's long-standing research interest in wage determination and inflation dynamics … effect on global inflation of the integration of labour from emerging markets and former command economies into the global … market economy; and the impact of globalisation on the inflation process and the transmission mechanism of monetary policy …
Persistent link: https://www.econbiz.de/10014197460
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American Economic Nationalism : Corporatist, Neoliberal and Neocorporatist Political Strategic Responses to Contemporary Global Systemic Crises
DeDominicis, Benedict E. - 2021
The political theory focus of this paper is the relevance of corporatism to meet the nationalist backlash against the increasing global interdependence that elites encouraged through neoliberal strategies. The paper analyzes the Trump administration’s resistance to international cooperation to...
Persistent link: https://www.econbiz.de/10013311281
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Keynes's employment function and the gratuitous Phillips curve disaster
Kakarot-Handtke, Egmont - 2013
Phillips curve. The paper demonstrates in a formal and rigorous manner why there is no trade-off between price inflation and …
Persistent link: https://www.econbiz.de/10009787027