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Demand Policy in the Long Run

Author

Listed:
  • Peter Skott

    (Department of Economics, University of Aarhus, Denmark)

Abstract

This paper analyses the use of aggregate demand policies to ensure full- employment growth in the long run. The results support Victoria Chick's warning in Macroeconomics after Keynes against the misapplication of short-run Keynesian policy prescriptions to long-run problems.

Suggested Citation

  • Peter Skott, "undated". "Demand Policy in the Long Run," Economics Working Papers 2000-17, Department of Economics and Business Economics, Aarhus University.
  • Handle: RePEc:aah:aarhec:2000-17
    as

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    File URL: https://repec.econ.au.dk/repec/afn/wp/00/wp00_17.pdf
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    Citations

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    Cited by:

    1. repec:ums:papers:2012-10 is not listed on IDEAS
    2. Peter Skott, 2016. "Aggregate demand, functional finance, and secular stagnation," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 13(2), pages 172-188, September.
    3. Soon Ryoo & Peter Skott, 2013. "Public debt and full employment in a stock-flow consistent model of a corporate economy," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 35(4), pages 511-528.
    4. Takashi Ohno, 2009. "Post‐Keynesian Effective Demand And Capital–Labour Substitution," Metroeconomica, Wiley Blackwell, vol. 60(3), pages 525-536, July.
    5. Effrosyni Diamantoudi, 2003. "Equilibrium binding agreements under diverse behavioral assumptions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 22(2), pages 431-446, September.
    6. Nakatani, Takeshi & Skott, Peter, 2007. "Japanese growth and stagnation: A Keynesian perspective," Structural Change and Economic Dynamics, Elsevier, vol. 18(3), pages 306-332, September.
    7. Skott, Peter & Ryoo, Soon, 2015. "Functional finance and intergenerational distribution in a Keynesian OLG model," UMASS Amherst Economics Working Papers 2015-13, University of Massachusetts Amherst, Department of Economics.

    More about this item

    Keywords

    Demand policy; long-run unemployment; warranted growth;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

    Statistics

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