The crisis of orthodox macroeconomic policy : the case for a renewed commitment to full employment

Critically reviews the macroeconomic experiences of the past three decades to argue the case against orthodox macroeconomics. Suggests that the prevailing orthodoxy in macroeconomics needs to give way to an alternative policy paradigm in which the Copenhagen commitment on full employment, subsequently incorporated as a Millennium Development Goal, plays a central role. The global recession of 2008-2009 reinforces the potency of this proposition.

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Year of publication:	2010
Authors:	Muqtada, Muhammed
Institutions:	International Labour Organization (ILO), United Nations
Subject:	economic policy \| monetary policy \| role of World Bank \| role of IMF \| economic recession \| employment \| developing countries \| politique économique \| politique monétaire \| rôle de la Banque mondiale \| rôle du FMI \| récession économique \| emploi \| pays en développement \| política económica \| política monetaria \| papel del Banco Mundial \| papel del FMI \| recesión económica \| empleo \| países en desarrollo

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Extent:	application/pdf
Series:	ILO Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Employment working paper series 34 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010966260