generalize the original Keynesian intuition. It shows in fact that unemployment emerges as the result of a lack of co-ordination … equilibrium when subject to a (negative) demand shock. He maintains that money wages cuts may not help reabsorb unemployment, as … cumulative process propels the economy far away the full employment equilibrium. The consideration of co-ordination failures in …

producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the …

The paper investigates the relation between effective demand, income distribution and unemployment empirically. Its aim …, unemployment and the growth of labor productivity is estimated. A general post-Keynesian model following the lines of Kalecki and …

. Furthermore, they fail to allow for quantity rationing and to model unemployment as a catastrophic event. The macroeconomics based …

Does the public believe that fiscal and monetary stimulus reduce unemployment? I present survey evidence on this … monetary stimulus. In fact, the typical respondent believes that an increase in government spending makes unemployment worse … worsens unemployment while a Fed interest rate cut improves it. I show how opinion varies by political party, educational …

of long run equilibrium of unemployment. The model we employ has at its center the relation between growth and … distribution. Growth can be either wage led or profit led. Distribution itself is a function of the unemployment rate, with higher … unemployment leading to a higher profit share. We use Okun's Law to close the model, making the change of the rate of unemployment …