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-taken to support the hypothesis that high rates of homeownership lead to high unemploy-ment via increases in the reservation …
Persistent link: https://www.econbiz.de/10011924575
Persistent link: https://www.econbiz.de/10003958357
The persistence of high unemployment has been one of the most puzzling developments of the past twenty years or so. In … the UK, unemployment averaged 2.1% between 1966 and 1973, and since 1974 it has risen to an average of 7.5%. The … prevailing view of the persistence of unemployment and of the continuous rise in the NAIRU is that explanations and solutions can …
Persistent link: https://www.econbiz.de/10014073940
We contribute to the debate on whether the large U.S. federal budget deficits are sustainable in the long run. We model the U.S. government deficit per capita as a threshold autoregressive process. We find evidence that the U.S. budget deficit is sustainable in the long run and that economic...
Persistent link: https://www.econbiz.de/10014093103
United States' recovery from the 2001 recession is on a sustainable course. According to this brief by Philip Arestis and …
Persistent link: https://www.econbiz.de/10003354836
It is often asserted that, whatever role Keynesian policies may have played in underpinning the long post-war boom, those policies are no longer relevant. In contrast this paper seeks to reassert the need for Keynesian policies in order to secure full employment. In doing so, as will be seen...
Persistent link: https://www.econbiz.de/10014075817