by Summary:
As a preliminary exercise, it may be instructive to modify the familiar Keynesian cross diagram to include the effects of a job guarantee within a simple short-run framework. The diagram includes two key schedules. The first is a 45-degree line showing all points for which actual expenditure equals actual income. The second is a line with lesser slope depicting the level of planned expenditure (total demand) at each level of income. Under appropriate conditions, the two schedules intersect at a steady-state level of income.… Longish and wonkish. heteconomistMacro Dynamics with a Job Guarantee – Part 2: Keynesian Cross DiagramPeter Cooper
Topics:
Mike Norman considers the following as important: JG, Job Guarantee, Keynesian cross
This could be interesting, too:
As a preliminary exercise, it may be instructive to modify the familiar Keynesian cross diagram to include the effects of a job guarantee within a simple short-run framework. The diagram includes two key schedules. The first is a 45-degree line showing all points for which actual expenditure equals actual income. The second is a line with lesser slope depicting the level of planned expenditure (total demand) at each level of income. Under appropriate conditions, the two schedules intersect at a steady-state level of income.… Longish and wonkish. heteconomistMacro Dynamics with a Job Guarantee – Part 2: Keynesian Cross DiagramPeter Cooper
Topics:
Mike Norman considers the following as important: JG, Job Guarantee, Keynesian cross
This could be interesting, too:
Michael Stephens writes Direct Job Creation in Greece
Michael Stephens writes Direct Job Creation in Greece
Martha Tepepa writes The “Thing” with Job Guarantee Programs…
Martha Tepepa writes The “Thing” with Job Guarantee Programs…
As a preliminary exercise, it may be instructive to modify the familiar Keynesian cross diagram to include the effects of a job guarantee within a simple short-run framework. The diagram includes two key schedules. The first is a 45-degree line showing all points for which actual expenditure equals actual income. The second is a line with lesser slope depicting the level of planned expenditure (total demand) at each level of income. Under appropriate conditions, the two schedules intersect at a steady-state level of income.…Longish and wonkish.