Bozani, Vasiliki - Department of Economics, University of Crete - 2011
-policy making to restrain the upward tendency of unemployment. It argues that the development of NAIRU, the most widely known and … significantly, its adoption is consistent with unemployment, instead of economic activity expansion. By setting at the center of … analysis the persistently high levels of unemployment and questioning the NAIRU concept itself, this paper aims at signifying …