| 000 | 01329nab a2200265 c 4500 | ||
|---|---|---|---|
| 999 |
_c147453 _d147453 |
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| 003 | ES-MaIEF | ||
| 005 | 20230511120806.0 | ||
| 007 | ta | ||
| 008 | 230511t2023 gw ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
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| 100 | 1 |
_970579 _aMurota, Ryu-ichiro |
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| 245 | 4 |
_aThe effect of an employment subsidy in persistent stagnation _c Ryu-ichiro Murota |
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| 500 | _aResumen. | ||
| 504 | _aBibliografía. | ||
| 520 | _aThis paper develops a money-in-the-utility-function model in which a Phillips curve arises because of an efficiency wage and in which people's desire to accumulate money is insatiable. If this desire is strong enough, an economy falls into persistent stagnation with a deficiency in aggregate demand, unemployment, and deflation. This paper shows a counterintuitive result that an increase in an employment subsidy can exacerbate unemployment by worsening deflation and depressing aggregate demand. | ||
| 650 | 4 |
_942613 _aDESEMPLEO |
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| 650 | 4 |
_948379 _aSEGURO DE DESEMPLEO |
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| 650 | 4 |
_954834 _aINCREMENTO |
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| 650 | 4 |
_941784 _aDEFLACION |
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| 650 | 4 |
_941718 _aCURVA DE PHILLIPS |
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| 650 |
_aCRISIS ECONOMICAS _941525 |
||
| 650 | 4 |
_947776 _aMODELOS ECONOMETRICOS |
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| 773 | 0 |
_9169261 _oOP 207/2023/1 _tFinanzArchiv _w(IEF)21244 _x 0015-2218 _g v. 79, n. 1, March 2023, p. 1-31 |
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| 942 | _cART | ||