Abstract:In this work we develop a set of policy experiments upon the well-known "Schumpeter meeting Keynes" agent-based model. The labour market is declined under two institutional industrial-relations variants, the "Fordist" and the "Competitive" setups meant to capture the historical transition from the Fordist toward the post "Thatcher-Reagan" period. Inside these two regimes we study the different effects of supply-side active labour market policies (ALMPs) vs. demand-management passive labour market ones (PLMPs).… Show more
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