Equilibrium Unemployment Theory
Seiten
1990
Blackwell Publishers (Verlag)
978-0-631-15213-2 (ISBN)
Blackwell Publishers (Verlag)
978-0-631-15213-2 (ISBN)
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The development of an employment theory of unemployment based on the theory of search and job matching. The author pays particular attention to the role of wage determination and to the influence that macroeconomic events and the decisions of firms and workers have on unemployment.
This text, written with the graduate student in mind, analyzes the aggregate demand and aggregate supply for the open economy both in the short-term and in the long-term. The author discusses the role of expectations, price flexibility and market clearing for the determination of output and employment and considers the role of monetary and fiscal policy in stabilizing potential fluctuations. Two aspects of the problem are considered: the part played by stochastic shocks in destabilizing output and the extent to which policy could or should counteract them, and secondly, the implications of the stochastic nature of the macroeconomic system for the permanent income theory of consumption, the inflation-unemployment trade-off and the other relations that make up the macroeconomic system.
This text, written with the graduate student in mind, analyzes the aggregate demand and aggregate supply for the open economy both in the short-term and in the long-term. The author discusses the role of expectations, price flexibility and market clearing for the determination of output and employment and considers the role of monetary and fiscal policy in stabilizing potential fluctuations. Two aspects of the problem are considered: the part played by stochastic shocks in destabilizing output and the extent to which policy could or should counteract them, and secondly, the implications of the stochastic nature of the macroeconomic system for the permanent income theory of consumption, the inflation-unemployment trade-off and the other relations that make up the macroeconomic system.
Part 1 Unemployment in the model of balanced growth: the labour market; long-run equilibrium and balanced growth; adjustment dynamics. Part 2 further ananlysis of the labour market: search intensity and job advertising.
| Erscheint lt. Verlag | 28.6.1990 |
|---|---|
| Zusatzinfo | 10 figures |
| Verlagsort | Oxford |
| Sprache | englisch |
| Maße | 152 x 229 mm |
| Gewicht | 405 g |
| Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie |
| ISBN-10 | 0-631-15213-X / 063115213X |
| ISBN-13 | 978-0-631-15213-2 / 9780631152132 |
| Zustand | Neuware |
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