The Natural rate of unemployment: reflections on 25 years of the hypothesis
For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Cambridge
Cambridge University Press
1995
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| Online-Zugang: | BSB01 UBG01 Volltext |
| Zusammenfassung: | For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation |
| Beschreibung: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Beschreibung: | 1 online resource (xiv, 382 pages) |
| ISBN: | 9780511559631 |
| DOI: | 10.1017/CBO9780511559631 |
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| 520 | |a For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation | ||
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| isbn | 9780511559631 |
| language | English |
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| spelling | The Natural rate of unemployment reflections on 25 years of the hypothesis edited by Rod Cross Cambridge Cambridge University Press 1995 1 online resource (xiv, 382 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation Unemployment Unemployment / Effect of inflation on Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf Inflation (DE-588)4026887-1 gnd rswk-swf Arbeitslosigkeit (DE-588)4002730-2 gnd rswk-swf 1\p (DE-588)4143413-4 Aufsatzsammlung gnd-content Arbeitslosigkeit (DE-588)4002730-2 s Inflation (DE-588)4026887-1 s Makroökonomisches Modell (DE-588)4074486-3 s 2\p DE-604 Cross, Rod edt Erscheint auch als Druckausgabe 978-0-521-47298-2 Erscheint auch als Druckausgabe 978-0-521-48330-8 https://doi.org/10.1017/CBO9780511559631 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | The Natural rate of unemployment reflections on 25 years of the hypothesis Unemployment Unemployment / Effect of inflation on Makroökonomisches Modell (DE-588)4074486-3 gnd Inflation (DE-588)4026887-1 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd |
| subject_GND | (DE-588)4074486-3 (DE-588)4026887-1 (DE-588)4002730-2 (DE-588)4143413-4 |
| title | The Natural rate of unemployment reflections on 25 years of the hypothesis |
| title_auth | The Natural rate of unemployment reflections on 25 years of the hypothesis |
| title_exact_search | The Natural rate of unemployment reflections on 25 years of the hypothesis |
| title_full | The Natural rate of unemployment reflections on 25 years of the hypothesis edited by Rod Cross |
| title_fullStr | The Natural rate of unemployment reflections on 25 years of the hypothesis edited by Rod Cross |
| title_full_unstemmed | The Natural rate of unemployment reflections on 25 years of the hypothesis edited by Rod Cross |
| title_short | The Natural rate of unemployment |
| title_sort | the natural rate of unemployment reflections on 25 years of the hypothesis |
| title_sub | reflections on 25 years of the hypothesis |
| topic | Unemployment Unemployment / Effect of inflation on Makroökonomisches Modell (DE-588)4074486-3 gnd Inflation (DE-588)4026887-1 gnd Arbeitslosigkeit (DE-588)4002730-2 gnd |
| topic_facet | Unemployment Unemployment / Effect of inflation on Makroökonomisches Modell Inflation Arbeitslosigkeit Aufsatzsammlung |
| url | https://doi.org/10.1017/CBO9780511559631 |
| work_keys_str_mv | AT crossrod thenaturalrateofunemploymentreflectionson25yearsofthehypothesis |