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The Effect of Fiscal Reflation Upon Employment

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Keynes and Economic Policy

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Abstract

The first part of the chapter discusses Keynes’s theory of prolonged involuntary unemployment and the role of fiscal policy in cutting it. The second part describes the labour market sector of the LBS model and compares it with the Keynesian approach. The third part uses the LBS model to explore the effects on unemployment of types of fiscal expansion.

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References

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Authors
  1. Francis Breedon
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  2. Alan Budd
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  3. Paul Levine
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  4. Peter Smith
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Editor information

Editors and Affiliations

  1. National Economic Development Office, Oxford, UK

    Walter Eltis (Economic Director, Fellow) (Economic Director, Fellow)

  2. Exeter College, Oxford, UK

    Walter Eltis (Economic Director, Fellow) (Economic Director, Fellow)

  3. Brasenose College, Oxford, UK

    Peter Sinclair (Fellow) (Fellow)

Copyright information

© 1988 National Economic Development Office

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Cite this chapter

Breedon, F., Budd, A., Levine, P., Smith, P. (1988). The Effect of Fiscal Reflation Upon Employment. In: Eltis, W., Sinclair, P. (eds) Keynes and Economic Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10338-6_5

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