Stabilization Policy, Expected Output and Employment.
This paper investigates the relationship between stabilization policy and the cyclical behavior of employment. A policy regime that is less committed to maintaining a high level of real activity may induce a destabilizing response, causing rational employers to shed more labor during a recession. Th...
Main Author: | Bond, S |
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Format: | Journal article |
Language: | English |
Published: |
Blackwell Publishing
1988
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