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Fiscal policy and the job guarantee

Mitchell, William F; Mosler, Warren B


Discretionary monetary and fiscal policy decisions have meant that the Australian economy, like most others, has been prevented from generating enough jobs in the last 25 years to match the growth of the labour force. The same policy decisions have also not allowed the economy to generate enough hours of work to match the preferences of the employed. The result has been persistently high unemployment and rising levels of underemployment. Ironically, highly desirable, labor intensive projects...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Working/Technical Paper


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