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aggregate demand analysis argued Australia behaviour Beveridge curve Blanchard buffer stock cent central bank changes Chapter classical concept consider costs cyclical debate disinflation economists economy effects emphasis empirical employment growth equilibrium fiat currency fiscal policy Fisher Friedman full employability framework full employment government spending hysteresis impact income support increase inflation rate inflation targeting inflationary interest rate investment involuntary unemployment JG jobs Keynesian labour demand labour force labour market labour underutilisation macroeconomic macroeconomic policy maintain ment Mitchell modern monetary monetarist monetary policy NAIRU natural rate hypothesis neo-liberal nomic non-government sector notion OECD OECD countries orthodox outcomes output period persistence Phillips curve ployment policy makers price stability private sector productivity programmes public sector rate of unemployment real wage reduce relationship result rise role sacrifice ratio Sawyer shift shocks social Solow structural supply-side theoretical theory trade-off underemployment underpinning unem unemployed unemployment rate UV curve vacancies welfare
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William Mitchell, Riccardo Welters
William Mitchell, Joan Muysken
Beth Cook - 2007 - International Journal of Environment, Workplace and Employment