On the links between unemployment rate, monetary creation and the value-added sharing
AbstractIn 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Economic Modelling.
Volume (Year): 28 (2011)
Issue (Month): 3 (May)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/30411
Hicks Keynes Mark-up pricing Unemployment rate Value added;
Other versions of this item:
- Bernard Philippe & Stéphane Mussard, 2010. "On the Links Between Unemployment Rate, Monetary Creation and the Value-added Sharing," Cahiers de recherche 10-05, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mussard, Stéphane & Philippe, Bernard, 2009.
"Okun's law, creation of money and the decomposition of the rate of unemployment,"
Elsevier, vol. 102(1), pages 7-9, January.
- Mussard, Stéphane & Philippe, Bernard, 2006. "Okun's Law, Creation of Money and the Decomposition of the Rate of Unemployment," IRISS Working Paper Series 2006-08, IRISS at CEPS/INSTEAD.
- Stéphane Mussard & Bernard Philippe, 2006. "Okun’s Law, Creation of Money and the Decomposition of the Rate of Unemployment," Cahiers de recherche 06-20, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- Stéphane Mussard & Bernard Philippe, 2010.
"Déséquilibres, système bancaire et chômage involontaire,"
10-12, LAMETA, Universtiy of Montpellier, revised Oct 2010.
- Stéphane Mussard & Bernard Philippe, 2010. "Déséquilibres, système bancaire et chômage involontaire," Cahiers de recherche 10-26, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- Marc Lavoie, 2006. "Do Heterodox Theories Have Anything in Common? A Post-Keynesian Point of View," European Journal of Economics and Economic Policies: Intervention, Edward Elgar, vol. 3(1), pages 87Ã¢â¬â1.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.