Tanaka, Yasuhito - In: Mokslo darbai / Vilniaus Universitetas 100 (2021) 2, pp. 63-83
We show the existence of involuntary unemployment based on consumers' utility maximization and firms' profit … seigniorage) to achieve full-employment under a situation with involuntary unemployment. Under constant prices we show the …-employment from a state with involuntary unemployment, we need budget deficit (Proposition 1). 2) If the full-employment state has …