Escaping stagnation and restoring shared prosperity: a macroeconomic policy framework for job-rich growth

Thomas Palley

ILO Working Papers from International Labour Organization

Abstract: In this succinct piece, the author makes a compelling case for ‘structural Keynesianism’ as a way of responding to the current mix of unsatisfactory growth and uneven progress in reducing unemployment at the global level. Traditional or ‘cyclical’ Keynesianism is, according to the author, good at dealing with short-run shortfalls in aggregate demand, but less able to cope with the structural dimensions of slow growth and slack labour market conditions.

Keywords: macroeconomics; economic policy; employment creation; structural change; globalization; economic growth; model; macroéconomie; politique économique; création d'emploi; changement structurel; mondialisation; croissance économique; modèle; macroeconomía; política económica; creación de empleos; cambio estructural; globalización; crecimiento económico; modelo (search for similar items in EconPapers)
Pages: 21 pages
Date: 2015
New Economics Papers: this item is included in nep-mac and nep-pke
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Citations: View citations in EconPapers (2)

Published in Employment working paper series

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Persistent link: https://EconPapers.repec.org/RePEc:ilo:ilowps:994874713402676

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