Accession Number : AD0628201

Title :   FULL EMPLOYMENT POLICY AND ECONOMIC GROWTH,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Nelson,Richard R.

Report Date : FEB 1966

Pagination or Media Count : 26

Abstract : Within the context of a simple aggregative model, the paper explores how the rate of labor force growth and the rate of technical advance influence the fiscal and monetary policies needed to maintain equality of aggregate demand and potential output. The model attempts to tie together two strands of analysis that have developed in the literature--a neoclassical strand stemming from Solow's work on the determinants of growth of potential output and a neo-Keynesian strand stemming from the Harrod-Domar studies of the conditions under which full employment can be maintained in a growing economy. (Author)

Descriptors :   (*EMPLOYMENT, ECONOMICS), (*ECONOMICS, LABOR), MATHEMATICAL MODELS, MATHEMATICAL ANALYSIS, MONEY

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE