Pavlina Tcherneva - Bottom Up Fiscal Policy: Direct Employment of the Unemployed

To cure unemployment, mostly we prime the pump: we devise fiscal strategies on the presumption that jobs follow economic growth. But the strategies have not worked, unemployment remains high. That is why Pavlina Tcherneva studies policies that target the unemployed directly. She says that the government can reduce income inequality and restart the growth engine by putting people back to work. In other words, growth follows jobs. Investigating different models of fiscal policy -- this is new economic thinking.

Category:

People & Blogs

Tags:

• 30 Ways to Be an Economist
• Perry Mehrling
• jobs
• employment
• fiscal policy

[mfbuxton]

I'm sorry, how has this not occurred to people before? A large volume of American jobs are transplanted to China = Huge econmic growth in China, stagnation in the USA (a somewhat buffered and delayed effect in the USA because of how powerful a nation it had become).

I see that this is no great leap in logic especially if one were to look at China alone.

[DavidByrne85]

Interesting. I hope longer interviews with more probing of her theory than biography, are forthcoming soon.