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.
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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.
- 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.
- 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, 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.
- Stéphane Mussard & Bernard Philippe, 2010. "Déséquilibres, système bancaire et chômage involontaire," Working Papers 10-12, LAMETA, Universtiy of Montpellier, revised Oct 2010.
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