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The contributors to this edited collection argue that a flexible Job Guarantee program able to react to an economy’s fluctuating need for work would stabilize the labor standard, the value of employment in relation to money. During economic downturns, the program would expand to provide more...
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Die Arbeit analysiert den Einfluss von Arbeitsmarktregimen auf das Sparverhalten privater Haushalte in Deutschland und … (Vorsichtssparen). Anhand von Panel-Daten abhängig beschäftigter Personen in Deutschland (SOEP) und Großbritannien (BHPS) ergibt sich … unter Kontrolle für Konsumpräferenzen und weitere Einflussfaktoren in Deutschland bei Einverdiener-Haushalten ein …
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Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and...
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