Cross, Rod - In: Journal of Economic Studies 20 (1993) January, pp. 116-122
Assesses the NAIRU framework for analysing the determinants of equilibrium unemployment, as expressed in Layard …, Nickell and Jackman's Unemployment: Macroeconomic Performance and the Labour Market. It is argued that the NAIRU has produced … plausible account of the determination of equilibrium unemployment. …