Demanda e desemprego no médio prazo
DOI:
https://doi.org/10.1590/S0101-41612008000400003Keywords:
Keynesian model, unemployment, evolutionary gamesAbstract
In this article, we propose a keynesian model in which the traditional labor market equilibrium is replaced by an evolutionary game. In such a model the aggregate demand plays the crucial role in the determination of the medium-run equilibrium, differently from the traditional analysis. We show that economic policy and autonomous spending generate bifurcations, characterized by changes in the number of equilibria and/or in the stability properties. Thus, unemployment is not a result of an ad hoc nominal rigidity, but arises as a spontaneous outcome of an interaction process in which bounded rational agents grope for the best wage bargaining strategy.Downloads
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