The outline of the chapter is as follows: Section 2 briefly explains the motivation that led to the development of the Job Guarantee approach to full employment and price stability; Section 3 compares and contrasts the inflation control mechanisms of the NAIRU and the Job Guarantee approaches; Section 4 considers the financial considerations. Concluding remarks follow.
Relation
Reinventing Functional Finance: Transformational Growth and Full Employment p. 278-295