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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 many useful insights regarding the effects of...
Persistent link: https://www.econbiz.de/10004987103
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 many useful insights regarding the effects of...
Persistent link: https://www.econbiz.de/10014863867