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Keynes' theory can be interpreted as dealing with unemployment as a disequilibrium phenomenon in an essentially dynamic … context. In this perspective, it is much more important to explain why unemployment changes than to identify a presumed level … when maintaining that price and wage flexibility is not a cure for unemployment, and hence there is no unemployment …
Persistent link: https://www.econbiz.de/10010756692
unemployment and maximum employment approaches; and the unfilled vacancies perspective. Furthermore, we provide and discuss …
Persistent link: https://www.econbiz.de/10014541848
's concerns about unemployment were deeper than even the Kates article (in this symposium) suggests, that this concern even led … Say to advocate a clear Keynesian remedy for unemployment: public works. Correspondingly, the paper shows that Ricardo …
Persistent link: https://www.econbiz.de/10005769761
This paper examines the unemployment controversy between J. M. Keynes and A. C. Pigou, mainly from the latter … level of interest rate. Thus, we conclude that the unemployment controversy was gainful at least to Pigou, resulting in the …
Persistent link: https://www.econbiz.de/10005105850
Das Papier untersucht die makroökonomischen Determinanten der Arbeitslosigkeit. Dabei werden die Argumente neoklassisch-monetaristischer, neukeynesianischer und postkeynesianischer Provinienz auf ihren Gehalt sowohl theoretisch wie empirisch überprüft. Das Hauptgewicht der Analyse wird auf...
Persistent link: https://www.econbiz.de/10005405232
Keynes' theory can be interpreted as dealing with unemployment as a disequilibrium phenomenon in an essentially dynamic … context. In this perspective, it is much more important to explain why unemployment changes than to identify a presumed level … when maintaining that price and wage flexibility is not a cure for unemployment, and hence there is no unemployment …
Persistent link: https://www.econbiz.de/10010798342
unemployment to economic growth over the period 1981-2010. In the first section there is a survey of scientific works that have … observed the empirical relationship between growth and unemployment. The countries selected are representative of different …, we intend to represent the data of the macroeconomic variables GDP and unemployment rate in their annual variations for a …
Persistent link: https://www.econbiz.de/10010617478
The dominant role of the "new consensus models" in central banks’ policy-making in the last two decades has triggered the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor-type interest rate rules. This paper develops a...
Persistent link: https://www.econbiz.de/10011133342
It is argued that today's Canadian monetary system has certain important characteristics in common with a free banking regime such as might have evolved had matters been left to market forces, and that the Bank of Canada's recent success probably has more than a little to do with this fact. It...
Persistent link: https://www.econbiz.de/10005515474
nonlinear unit root and asymmetric cointegration analysis. Our empirical results show significant asymmetric PPP effects between …
Persistent link: https://www.econbiz.de/10011785059