Macroeconomics Beyond the NAIRU
Macroeconomics Beyond the NAIRU

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The authors make a strong case that a stable non-accelerating inflation rate of unemployment (NAIRU), independent of macroeconomic policy, does not exist. Consequently, government decisions based on the NAIRU are not only misguided but have huge and avoidable social costs, namely, high unemployment and sustained inequality.

  • Released: November 16, 2020
  • Author: Servaas Storm
  • Rating: 4,9
  • Publisher: Ebook DIgital Agency
  • Total Page: 718 pages
  • File Size: 3670 KB

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