On the links between unemployment rate, monetary creation and the value-added sharing

Stéphane Mussard and Bernard Philippe

Economic Modelling, 2011, vol. 28, issue 3, 767-774

Abstract: In this paper, we investigate the analytical links between the rate of unemployment, monetary creation and how individuals share the value added in an economy with three types of agents: capital owners, managers and employees. This relationship relies on the fact that the rate of unemployment depends on many macroeconomic characteristics such as: creation of money, external balance of goods and services and mark-up pricing. The latter being decomposed into the expected margin rate and the growth rate of the unitary wage cost that characterize the primary value-added sharing.

Keywords: Hicks; Keynes; Mark-up; pricing; Unemployment; rate; Value; added (search for similar items in EconPapers)
Date: 2011
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Working Paper: On the Links Between Unemployment Rate, Monetary Creation and the Value-added Sharing (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:28:y:2011:i:3:p:767-774

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