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The Natural Rate of Unemployment
- Reflections on 25 Years of the Hypothesis
Engelsk
Bogcover for The Natural Rate of Unemployment af , 9780521483308
Specifikationer
Sprog:
Engelsk
Sider:
400
ISBN-13:
9780521483308
Indbinding:
Paperback
ISBN-10:
0521483301
Kategori:
Udg. Dato:
22 jun 1995
Størrelse i cm:
22,8 x 15,4 x 2,7
Oplagsdato:
22 jun 1995

The Natural Rate of Unemployment

- Reflections on 25 Years of the Hypothesis
Engelsk
Paperback 1995
Format:

Bog beskrivelse
For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps and Friedman''s natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forward, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation.
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Specifikationer
Sprog:
Engelsk
Sider:
400
ISBN-13:
9780521483308
Indbinding:
Paperback
ISBN-10:
0521483301
Kategori:
Udg. Dato:
22 jun 1995
Størrelse i cm:
22,8 x 15,4 x 2,7
Oplagsdato:
22 jun 1995
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