IDEAS home Printed from https://ideas.repec.org/p/ilo/ilowps/994874713402676.html
   My bibliography  Save this paper

Escaping stagnation and restoring shared prosperity : a macroeconomic policy framework for job-rich growth

Author

Listed:
  • Palley, Thomas.

Abstract

In this succinct piece, the author makes a compelling case for ‘structural Keynesianism’ as a way of responding to the current mix of unsatisfactory growth and uneven progress in reducing unemployment at the global level. Traditional or ‘cyclical’ Keynesianism is, according to the author, good at dealing with short-run shortfalls in aggregate demand, but less able to cope with the structural dimensions of slow growth and slack labour market conditions.

Suggested Citation

  • Palley, Thomas., 2015. "Escaping stagnation and restoring shared prosperity : a macroeconomic policy framework for job-rich growth," ILO Working Papers 994874713402676, International Labour Organization.
  • Handle: RePEc:ilo:ilowps:994874713402676
    as

    Download full text from publisher

    File URL: http://www.ilo.org/public/libdoc/ilo/2015/115B09_38_engl.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Aschauer, David Alan, 1989. "Is public expenditure productive?," Journal of Monetary Economics, Elsevier, pages 177-200.
    2. Dean Baker & Robert Pollin & Travis McArthur & Matt Sherman, 2009. "The Potential Revenue from Financial Transactions Taxes," CEPR Reports and Issue Briefs 2009-50, Center for Economic and Policy Research (CEPR).
    3. Robert Pollin & Heidi Garrett-Peltier & James Heintz & Helen Scharber, 2008. "Green Recovery: A Program to Create Good Jobs & Start Building a Low-Carbon Economy," Published Studies peri_report, Political Economy Research Institute, University of Massachusetts at Amherst.
    4. Jalal Siddiki, 2010. "The Ricardian equivalence hypothesis: evidence from Bangladesh," Applied Economics, Taylor & Francis Journals, vol. 42(11), pages 1419-1435.
    Full references (including those not matched with items on IDEAS)

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ilo:ilowps:994874713402676. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vesa Sivunen). General contact details of provider: http://edirc.repec.org/data/ilounch.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.