Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation

The current health and economic crisis has revived the debate on fiscal policy as a major tool for stabilization and long-term goals. The massive surge in unemployment, due to the economic disruption of the lockdown measures, has increased the interest on policies that target employment directly ins...

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Main Author: Toshiro, Giuliano (author)
Other Authors: Ruggeri, Francesco (author)
Format: article
Language:spa
Published: 2021
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Online Access:https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347
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author Toshiro, Giuliano
author2 Ruggeri, Francesco
author2_role author
author_facet Toshiro, Giuliano
Ruggeri, Francesco
author_role author
collection Revista Cuestiones Económicas
dc.creator.none.fl_str_mv Toshiro, Giuliano
Ruggeri, Francesco
dc.date.none.fl_str_mv 2021-11-22
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347
10.47550/RCE/MEM/31.26
dc.language.none.fl_str_mv spa
dc.publisher.none.fl_str_mv Banco Central del Ecuador
dc.relation.none.fl_str_mv https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347/247
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
dc.source.none.fl_str_mv Cuestiones Económicas; Vol. 31 Núm. 3 (2021): Edición Especial: Memorias IV Encuentro Internacional de Economía EPN; Autores: Giuliano Toshiro y Francesco Ruggeri
2697-3367
2697-3367
reponame:Revista Cuestiones Económicas
instname:Banco Central del Ecuador
instacron:BCE
dc.subject.none.fl_str_mv Stock-Flow Consistent Models
Job Guarantee Plan
Structural Change
Energy
dc.title.none.fl_str_mv Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
Más allá de la garantía laboral: el Plan Empleador de Último Recurso como herramienta para promover la Transformación Ambiental
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Artículos de Investigación
description The current health and economic crisis has revived the debate on fiscal policy as a major tool for stabilization and long-term goals. The massive surge in unemployment, due to the economic disruption of the lockdown measures, has increased the interest on policies that target employment directly instead of trying to achieve it via a general “demand push”. One of the proposals currently under debate is the Job Guarantee. Under such a policy the government should act as an ‘Employer of Last Resort”, by offering a job to everyone that is able and wants to work and cannot find a job in the private sector. The wage paid in these programs should become the minimum wage in the labour market. Over the years, this policy proposal has received a number of criticism, in particular on i) the impact on both the government budget and debt ii) the prevailing full-employment equilibrium wage rate once the program is implemented and iii) the implication on the external balances (current and trade account), especially when this policy is implemented in a small, open economy.
eu_rights_str_mv openAccess
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id REVCUESTEC_b8322a743a809d6b4ad0c0c52761ba8f
identifier_str_mv 10.47550/RCE/MEM/31.26
instacron_str BCE
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language spa
network_acronym_str REVCUESTEC
network_name_str Revista Cuestiones Económicas
oai_identifier_str oai:estudioseconomicos.bce.fin.ec:article/347
publishDate 2021
publisher.none.fl_str_mv Banco Central del Ecuador
reponame_str Revista Cuestiones Económicas
repository.mail.fl_str_mv
repository.name.fl_str_mv Revista Cuestiones Económicas - Banco Central del Ecuador
repository_id_str
spelling Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental TransformationMás allá de la garantía laboral: el Plan Empleador de Último Recurso como herramienta para promover la Transformación Ambiental Toshiro, Giuliano Ruggeri, FrancescoStock-Flow Consistent ModelsJob Guarantee PlanStructural ChangeEnergyThe current health and economic crisis has revived the debate on fiscal policy as a major tool for stabilization and long-term goals. The massive surge in unemployment, due to the economic disruption of the lockdown measures, has increased the interest on policies that target employment directly instead of trying to achieve it via a general “demand push”. One of the proposals currently under debate is the Job Guarantee. Under such a policy the government should act as an ‘Employer of Last Resort”, by offering a job to everyone that is able and wants to work and cannot find a job in the private sector. The wage paid in these programs should become the minimum wage in the labour market. Over the years, this policy proposal has received a number of criticism, in particular on i) the impact on both the government budget and debt ii) the prevailing full-employment equilibrium wage rate once the program is implemented and iii) the implication on the external balances (current and trade account), especially when this policy is implemented in a small, open economy.Banco Central del Ecuador2021-11-22info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículos de Investigaciónapplication/pdfhttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/34710.47550/RCE/MEM/31.26Cuestiones Económicas; Vol. 31 Núm. 3 (2021): Edición Especial: Memorias IV Encuentro Internacional de Economía EPN; Autores: Giuliano Toshiro y Francesco Ruggeri2697-33672697-3367reponame:Revista Cuestiones Económicasinstname:Banco Central del Ecuadorinstacron:BCEspahttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347/247info:eu-repo/semantics/openAccess2021-11-26T18:28:56Zoai:estudioseconomicos.bce.fin.ec:article/347Portal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2021-11-26T18:28:56falsePortal de revistashttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCEOrganismo de gobiernowww.bce.fin.echttps://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/oaiEcuadoropendoar:2021-11-26T18:28:56Revista Cuestiones Económicas - Banco Central del Ecuadorfalse
spellingShingle Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
Toshiro, Giuliano
Stock-Flow Consistent Models
Job Guarantee Plan
Structural Change
Energy
status_str publishedVersion
title Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
title_full Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
title_fullStr Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
title_full_unstemmed Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
title_short Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
title_sort Beyond Job Guarantee: the Employer of Last Resort Scheme as a tool to promote the Environmental Transformation
topic Stock-Flow Consistent Models
Job Guarantee Plan
Structural Change
Energy
url https://estudioseconomicos.bce.fin.ec/index.php/RevistaCE/article/view/347