Wages, government policy and unemployment
In this paper we question the usefulness of what has become the new textbook orthodoxy — the 'new Keynesian' NAIRU theory. We then discuss the impact of the policy developments that follow from this orthodoxy, and argue that NAIRU theory has resulted in greater, not reduced, unemployment....
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Edward Arnold
1995
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