The Natural Rate of Unemployment: Reflections on 25 Years of the Hypothesis

The Natural Rate of Unemployment: Reflections on 25 Years of the Hypothesis

by Rod Cross
     
 

The natural rate of unemployment hypothesis proposed in the 1960s has dominated thought about the causes of, and possible solutions, to unemployment. In the 1980s, however, European unemployment rates rose sharply, despite supply-side innovations to economic policy inspired by the hypothesis.  See more details below

Overview

The natural rate of unemployment hypothesis proposed in the 1960s has dominated thought about the causes of, and possible solutions, to unemployment. In the 1980s, however, European unemployment rates rose sharply, despite supply-side innovations to economic policy inspired by the hypothesis.

Editorial Reviews

From the Publisher
" The 17 essays in this volume discuss the theoretical foundations, dynamics, empirical status, and political economy of the natural rate hypothesis. They reflect the vigor with which we might expect both proponents and critics to discuss a concept of such central importance. Cross should be applauded for the breadth of his perspective on the natural rate. He has marshalled a wide variety of papers into a volume that is particularly good at highlighting recent advances and which, ultimately, no macroeconomist will want to be without." Mark Setterfield, Eastern Economic Journal

Product Details

ISBN-13:
9780521472982
Publisher:
Cambridge University Press
Publication date:
04/01/1995
Pages:
398
Product dimensions:
5.98(w) x 8.98(h) x 1.14(d)

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