Demand Policy in the Long Run

Peter Skott

Economics Working Papers from Department of Economics and Business Economics, Aarhus University

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.

Keywords: Demand policy; long-run unemployment; warranted growth (search for similar items in EconPapers)
JEL-codes: E12 (search for similar items in EconPapers)
Pages: 17
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:aah:aarhec:2000-17

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