A welfare economics foundation for the full-employment policy

C-Tier
Journal: Economics Letters
Year: 2009
Volume: 102
Issue: 1
Pages: 1-3

Authors (1)

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Combining the dynamic Keynesian cross (Otaki, M., 2007. The dynamically extended Keynesian cross and the welfare-improving fiscal policy. Economics Letters 96, 23-29.) with modified efficient wage bargaining, based on McDonald and Solow (McDonald, I.M. and Solow, R.M. 1981. Wage bargaining and employment. American Economic Review 71, 896-908.), we have succeeded in showing a kind of involuntary unemployment as an equilibrium outcome.

Technical Details

RePEc Handle
repec:eee:ecolet:v:102:y:2009:i:1:p:1-3
Journal Field
General
Author Count
1
Added to Database
2026-01-26