ELR and JG are indistinct.
Peter Kriesler 20, Associate Professor of Economics at the University of New South Wales, et al., 9/2020, “Political Aspects of ‘Buffer Stock’ Employment: A Reconsideration,” https://ssrn.com/abstract=3678142
1 The term Buffer Stock Employment was used at the time of the Second Annual Path to Full Employment Conference, University of Newcastle, Australia, December 2-3 1999. Such models have since been referred to as the Job Guarantee – see, for example Mitchell (1998) and Mitchell (2001). The term ‘Employer of Last resort’ was originally preferred by US-based advocates of these schemes (see, for example, Wray, 1998a; Tcherneva, 2012a), although here, too, the term Job Guarantee is popular (Murray and Forstater, 2017; Tcherneva, 2018, 2020). We use these terms interchangeably in what follows.