Equilibrium unemployment theory by Christopher A. Pissarides

Equilibrium unemployment theory Christopher A. Pissarides ebook
Format: chm
Publisher: MIT
Page: 0
ISBN: 0262161877, 9780262161879

Economic, reallocation effects, of unemployment benefits. When the nominal rate is abov… Hébergé par OverBlog. Sound's a bit like Say's Law, the theory that unemployment cannot increase indefinitely as eventually wages will fall and labour will become cheap. The Great Depression disproved that theory. Equilibrium Unemployment Theory - 2nd Edition. Schweitzer, Mark, and Jennifer Ransom, 1999. In some cases, the theory is explicit. Equilibrium Unemployment Theory. General-equilibrium models for studying the zero lowerbound on the nominal interest rate contain implicit theories of unemployment. This is a serious shortcoming as a number of recent theoretical contributions point to major effects of UBs on job reallocation and labor pro- ductivity.