The Unemployment Problem: A Norwegian Perspective
This paper lays out a simple open economy macromodel based on the recent literature on imperfect competition and equilibrium unemployment. It is shown that the NAIRU is not a clearcut concept in the open economy framework. Furthermore, it is argued that the self-correcting mechanisms in the economy...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1997
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper lays out a simple open economy macromodel based on the recent literature on imperfect competition and equilibrium unemployment. It is shown that the NAIRU is not a clearcut concept in the open economy framework. Furthermore, it is argued that the self-correcting mechanisms in the economy are weak, so that the actual rate of unemployment may deviate considerably from the NAIRU over long periods. The theoretical discussion is illustrated by recent Norwegian experience. The paper also investigates the costs and benefits of incomes policies in unionised economies. Finally, there is a discussion of various aspects of the Norwegian labour market and Norwegian labour market policies ... |
| Physical Description: | 1 Online-Ressource (42 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/168455031871 |
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Record in the Search Index
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| physical | 1 Online-Ressource (42 Seiten) 21 x 29.7cm |
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| spelling | Holden, Steinar Verfasser aut The Unemployment Problem A Norwegian Perspective Steinar Holden Paris OECD Publishing 1997 1 Online-Ressource (42 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper lays out a simple open economy macromodel based on the recent literature on imperfect competition and equilibrium unemployment. It is shown that the NAIRU is not a clearcut concept in the open economy framework. Furthermore, it is argued that the self-correcting mechanisms in the economy are weak, so that the actual rate of unemployment may deviate considerably from the NAIRU over long periods. The theoretical discussion is illustrated by recent Norwegian experience. The paper also investigates the costs and benefits of incomes policies in unionised economies. Finally, there is a discussion of various aspects of the Norwegian labour market and Norwegian labour market policies ... Economics Norway https://doi.org/10.1787/168455031871 Verlag kostenfrei Volltext |
| spellingShingle | Holden, Steinar The Unemployment Problem A Norwegian Perspective Economics Norway |
| title | The Unemployment Problem A Norwegian Perspective |
| title_auth | The Unemployment Problem A Norwegian Perspective |
| title_exact_search | The Unemployment Problem A Norwegian Perspective |
| title_exact_search_txtP | The Unemployment Problem A Norwegian Perspective |
| title_full | The Unemployment Problem A Norwegian Perspective Steinar Holden |
| title_fullStr | The Unemployment Problem A Norwegian Perspective Steinar Holden |
| title_full_unstemmed | The Unemployment Problem A Norwegian Perspective Steinar Holden |
| title_short | The Unemployment Problem |
| title_sort | the unemployment problem a norwegian perspective |
| title_sub | A Norwegian Perspective |
| topic | Economics Norway |
| topic_facet | Economics Norway |
| url | https://doi.org/10.1787/168455031871 |
| work_keys_str_mv | AT holdensteinar theunemploymentproblemanorwegianperspective |