The Natural Rate of Unemployment: Reflections on 25 Years of the Hypothesis

Editore: Cambridge University Press
ISBN 10: 0521472989 / ISBN 13: 9780521472982
Usato / Hardcover / Quantità: 0
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0521472989 Crisp, clean, unread hardcover with light shelfwear and edgewear with a publisher's mark to one edge - Nice!. Codice inventario libreria

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Riassunto: The natural rate of unemployment hypothesis proposed in the 1960s has dominated thought about the causes of, and possible solutions to, unemployment. It asserts that only supply-side measures can achieve sustainable reductions in unemployment. In the 1980s, however, European unemployment rates rose sharply, despite supply-side innovations to economic policy inspired by the hypothesis. These essays reflect retrospectively on the state of the hypothesis and look forward to the emergence of a new wisdom regarding unemployment.

Book Description: The natural rate of unemployment hypothesis proposed in the 1960s has dominated thought about the causes of, and possible solutions, to unemployment. In the 1980s, however, European unemployment rates rose sharply, despite supply-side innovations to economic policy inspired by the hypothesis.

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Titolo: The Natural Rate of Unemployment: ...
Casa editrice: Cambridge University Press
Legatura: Hardcover
Condizione libro: Very Good

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1.

Cross and Olivier Blanchard
Editore: West Nyack, New York, U.S.A.: Cambridge Univ Pr (1995)
ISBN 10: 0521472989 ISBN 13: 9780521472982
Usato Rilegato Prima edizione Quantità: 1
Da
Atticus Books
(Toronto, ON, Canada)
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Descrizione libro West Nyack, New York, U.S.A.: Cambridge Univ Pr, 1995. Hardcover. Condizione libro: Fine. No Jacket. 1st Edition. Still in the shrink-wrapping. 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 forwards, 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. " (Publisher)". Codice libro della libreria HB8636

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Editore: Cambridge University Press
ISBN 10: 0521472989 ISBN 13: 9780521472982
Usato Rilegato Quantità: 1
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Descrizione libro Cambridge University Press. Hardcover. Condizione libro: Very Good. 0521472989 Crisp, clean, unread hardcover with light shelfwear and edgewear with a publisher's mark to one edge - Nice!. Codice libro della libreria Z0521472989Z2

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Spese di spedizione: EUR 20,61
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