On the Links Between Unemployment Rate, Monetary Creation and the Value-added Sharing

Bernard Philippe and Stéphane Mussard

Cahiers de recherche from Departement d'économique de l'École de gestion à l'Université de Sherbrooke

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: Mark-up pricing; Unemployment rate; Value added (search for similar items in EconPapers)
JEL-codes: C39 E24 E25 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2010-02-11
New Economics Papers: this item is included in nep-lab, nep-mac and nep-mon
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http://gredi.recherche.usherbrooke.ca/wpapers/GREDI-1005.pdf First version, 2010 (application/pdf)

Related works:
Journal Article: On the links between unemployment rate, monetary creation and the value-added sharing (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:shr:wpaper:10-05

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