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Renouveler la macroéconomie postkeynésienne ? Les modèles stock-flux cohérent et multi-agents

Job Guarantee: a Structuralist Perspective

Emploi garanti : une perspective structuraliste
Empleo garantizado : una perspectiva estructuralista
Antoine Godin

Abstracts

This paper aims at formalising and assessing the validity of the critiques of the Job Guarantee (JG) policy proposed by Minsky (1965). In order to do so, we develop a multisectoral Post-Keynesian Stock-Flow Consistent (PK-SFC) model. Our paper is a step, following Missaglia (2011), towards the creation of a structuralist/ SFC model. We introduce several new features in an PK-SFC model: (i) a more disaggregated households sector than usual, (ii) three production sectors and the possibility of constrained output, and (iii) a more elaborated labor market with endogenous labor supply. We use the model to compare and contrast two Keynesian policies: theJG and a traditional Keynesian Demand Spur (KDS).

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References

Electronic reference

Antoine Godin, Job Guarantee: a Structuralist PerspectiveRevue de la régulation [Online], 16 | 2e semestre / Autumn 2014, Online since 19 December 2014, connection on 29 March 2024. URL: http://journals.openedition.org/regulation/10988; DOI: https://doi.org/10.4000/regulation.10988

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About the author

Antoine Godin

University of Limerick, antoine.godin@ul.ie, http://antoinegodin.eu http://s120.ul.ie

By this author

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Copyright

CC-BY-NC-ND-4.0

The text only may be used under licence CC BY-NC-ND 4.0. All other elements (illustrations, imported files) are “All rights reserved”, unless otherwise stated.

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