Job Guarantee: a Structuralist Perspective
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 creat...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/10988 |
| _version_ | 1797314942691442688 |
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| author | Antoine Godin |
| author_facet | Antoine Godin |
| author_sort | Antoine Godin |
| collection | DOAJ |
| description | 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). |
| first_indexed | 2024-03-08T02:53:29Z |
| format | Article |
| id | doaj.art-d316c63c1d644bc0b15d2f4698a10ea1 |
| institution | Directory Open Access Journal |
| issn | 1957-7796 |
| language | English |
| last_indexed | 2024-03-08T02:53:29Z |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj.art-d316c63c1d644bc0b15d2f4698a10ea12024-02-13T13:02:49ZengAssociation Recherche & RégulationRevue de la Régulation1957-77961610.4000/regulation.10988Job Guarantee: a Structuralist PerspectiveAntoine GodinThis 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).https://journals.openedition.org/regulation/10988Job Guaranteestructuraliststock-flow consistent |
| spellingShingle | Antoine Godin Job Guarantee: a Structuralist Perspective Revue de la Régulation Job Guarantee structuralist stock-flow consistent |
| title | Job Guarantee: a Structuralist Perspective |
| title_full | Job Guarantee: a Structuralist Perspective |
| title_fullStr | Job Guarantee: a Structuralist Perspective |
| title_full_unstemmed | Job Guarantee: a Structuralist Perspective |
| title_short | Job Guarantee: a Structuralist Perspective |
| title_sort | job guarantee a structuralist perspective |
| topic | Job Guarantee structuralist stock-flow consistent |
| url | https://journals.openedition.org/regulation/10988 |
| work_keys_str_mv | AT antoinegodin jobguaranteeastructuralistperspective |