Keynesian Aggregate Supply, the Role of Incomes Policies and the Approach to Full Employment

Gregory Owen Smith

Keynesian Aggregate Supply, the Role of Incomes Policies and the Approach to Full Employment

Gregory Owen Smith

UNE Business School

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

The paper argues that there is scope for aggregate demand expansion, accompanied by appropriate investments in employment, to reduce the national unemployment rate below current levels. A great obstacle to this is the priority given to inflation containment and, given the accompanying neoclassical macroeconomic framework, to a stance of aggregate demand restraint. Focus on a Keynesian formulation of aggregate supply brings incomes policies to the fore to deal with inflation and gives aggregate demand expansion the opportunity to promote full employment.

Original language	English
Title of host publication	The Constraints to Full Employment: Fiscal and Monetary Policy, WorkChoices and Job Insecurity
Editors	Graham Wrightson
Place of Publication	Callaghan, Australia
Publisher	University of Newcastle, Centre of Full Employment and Equity (CoFEE)
Pages	247-253
ISBN (Print)	192070177X
Publication status	Published - 2006
Event	The Full Employment or WorkChoices and Welfare-to-Work Conference: incorporating the 8th Path to Full Employment Conference and the 13th National Conference on Unemployment - Newcastle, Australia Duration: 7 Dec 2006 → 8 Dec 2006

Conference

Conference	The Full Employment or WorkChoices and Welfare-to-Work Conference: incorporating the 8th Path to Full Employment Conference and the 13th National Conference on Unemployment
City	Newcastle, Australia
Period	7/12/06 → 8/12/06

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Macroeconomics (incl Monetary and Fiscal Theory)

Access to Document

https://hdl.handle.net/1959.11/11036

Handle.net

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Cite this

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title = "Keynesian Aggregate Supply, the Role of Incomes Policies and the Approach to Full Employment",

abstract = "The paper argues that there is scope for aggregate demand expansion, accompanied by appropriate investments in employment, to reduce the national unemployment rate below current levels. A great obstacle to this is the priority given to inflation containment and, given the accompanying neoclassical macroeconomic framework, to a stance of aggregate demand restraint. Focus on a Keynesian formulation of aggregate supply brings incomes policies to the fore to deal with inflation and gives aggregate demand expansion the opportunity to promote full employment.",

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author = "Smith, \{Gregory Owen\}",

year = "2006",

language = "English",

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pages = "247--253",

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booktitle = "The Constraints to Full Employment: Fiscal and Monetary Policy, WorkChoices and Job Insecurity",

publisher = "University of Newcastle, Centre of Full Employment and Equity (CoFEE)",

note = "The Full Employment or WorkChoices and Welfare-to-Work Conference: incorporating the 8th Path to Full Employment Conference and the 13th National Conference on Unemployment ; Conference date: 07-12-2006 Through 08-12-2006",

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Smith, GO 2006, Keynesian Aggregate Supply, the Role of Incomes Policies and the Approach to Full Employment. in G Wrightson (ed.), The Constraints to Full Employment: Fiscal and Monetary Policy, WorkChoices and Job Insecurity. University of Newcastle, Centre of Full Employment and Equity (CoFEE), Callaghan, Australia, pp. 247-253, The Full Employment or WorkChoices and Welfare-to-Work Conference: incorporating the 8th Path to Full Employment Conference and the 13th National Conference on Unemployment, Newcastle, Australia, 7/12/06. <https://hdl.handle.net/1959.11/11036>

Keynesian Aggregate Supply, the Role of Incomes Policies and the Approach to Full Employment. / Smith, Gregory Owen.
The Constraints to Full Employment: Fiscal and Monetary Policy, WorkChoices and Job Insecurity. ed. / Graham Wrightson. Callaghan, Australia: University of Newcastle, Centre of Full Employment and Equity (CoFEE), 2006. p. 247-253.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - The paper argues that there is scope for aggregate demand expansion, accompanied by appropriate investments in employment, to reduce the national unemployment rate below current levels. A great obstacle to this is the priority given to inflation containment and, given the accompanying neoclassical macroeconomic framework, to a stance of aggregate demand restraint. Focus on a Keynesian formulation of aggregate supply brings incomes policies to the fore to deal with inflation and gives aggregate demand expansion the opportunity to promote full employment.

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BT - The Constraints to Full Employment: Fiscal and Monetary Policy, WorkChoices and Job Insecurity

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PB - University of Newcastle, Centre of Full Employment and Equity (CoFEE)

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ER -

Keynesian Aggregate Supply, the Role of Incomes Policies and the Approach to Full Employment

Abstract

Conference

UN SDGs

Keywords

Access to Document

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