Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/338331 
Autor:innen: 
Erscheinungsjahr: 
2020
Quellenangabe: 
[Journal:] Journal of Asian Development Research (JADR) [ISSN:] 2633-1918 [Volume:] 1 [Issue:] 1 [Year:] 2020 [Pages:] 15-27
Verlag: 
Sage, Thousand Oaks, CA
Zusammenfassung: 
Two assumptions drive our policy construct. First, the task of implementing a Green New Deal will necessarily fall on the government. Second, artificial intelligence (AI) and robotics have meant a reduction in labour in the production process. The connection between the two is production by public firms, and the financial instrument is the government bond. The Real Bills doctrine meant the tracking of credit disbursed by commercial and central banks with the returns realized by borrowing firms. The horizon was finite. In the case of our bond, the issuer is the government, and the horizon is infinite. Balance sheet accounts with the central bank are maintained. We write down a model with no labour. Households lend to the government, which, in turn, lends to firms to purchase their capital inputs. Households earn returns from their holdings of the government bond. The central bank mediates the accounts.
Schlagwörter: 
The Real Bills doctrine
artificial intelligence and robots
green technology
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by-nc Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe
621.26 kB





Publikationen in EconStor sind urheberrechtlich geschützt.