Fiscal Policy as a Solution to Involuntary Unemployment

Fiscal Policy as a Solution to Involuntary Unemployment

We show the existence of involuntary unemployment based on consumers’ utility maximization and firms’ profit maximization behavior under monopolistic competition with increasing, decreasing or constant returns to scale technology using a three-periods overlapping generations (OLG) model with a child...

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Bibliographic Details
Main Author: Yasuhito Tanaka
Format: Article
Language:English
Published: Vilnius University Press 2021-10-01
Series:Ekonomika
Subjects:
InInvoluntary unemployment
Three-periods overlapping generations model
Monopolistic competition
Nash equilibrium
Online Access:https://www.journals.vu.lt/ekonomika/article/view/23837

Internet

https://www.journals.vu.lt/ekonomika/article/view/23837

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