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The 1990s Slump: Causes and Cures

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At the beginning of the 1990s unemployment grew in all industrialized countries: the essays in this collection focus on the causes of this worrying phenomenon. The volume starts by analysing the disparities in the different national experiences and then focusing on European unemployment. This is followed by more theoretical discussions using econometric models. The volume ends with policy recommendations.
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Overview

At the beginning of the 1990s unemployment grew in all industrialized countries: the essays in this collection focus on the causes of this worrying phenomenon. The volume starts by analysing the disparities in the different national experiences and then focusing on European unemployment. This is followed by more theoretical discussions using econometric models. The volume ends with policy recommendations.
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Editorial Reviews

Booknews
An essay collection examining the causes and cures of unemployment. The contributing economists describe the disparities in national experience, unemployment in Europe specifically in terms of German reunification and the 1990s Italian crisis, speculate on current fiscal policies, econometric models to decrease unemployment, structural versus monetary factors affecting employment, and recommend potential policies to cure unemployment in Europe. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

Table of Contents

1 Employment and Unemployment 5
2 Explaining Disparities in Unemployment Dynamics 37
3 Structural Unemployment and Labour Policies 63
4 Wage Distribution and Unemployment 97
5 German Reunification, Profit and Growth 133
6 The Italian Crisis of the 1990s: European Convergence and Structural Adjustment 153
7 Some Reflections on the Political Economy of Unemployment 179
8 Coordination and Independence in Monetary and Fiscal Policies 219
9 Rejection of the Common Funnel Theorem 251
10 The Role of Legislation and Labour Policies in Explaining Structural Unemployment 267
11 How to Decrease Unemployment 281
12 The Role of Transfers and Monetary Reform in the Current Economic Slowdown 293
13 Do the Main Structural Forces of the 1970s and 1980s Account for the 1990s Slump As Well? 317
14 The UK Labour Market: Micro Rigidities and Macro Obstructions 341
15 Conclusions 361
Round Table: Policy Recommendations on the Unemployment Problem 367
Index 387
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