Unemployment and macroeconomics /

Assar Lindbeck demonstrates how macroeconomic analysis can incorporate a labor market characterized by unemployment. Balancing theoretical insights with lessons drawn from the experience of many countries, Lindbeck examines employment and unemployment against the background of developed market econo...

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Bibliographic Details
Main Author: Lindbeck, Assar
Format: Book
Language:English
Published: Cambridge, Mass. : The MIT Press, ©1993.
Series:Ohlin lectures ; 3.
Subjects:

MARC

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245 1 0 |a Unemployment and macroeconomics /  |c Assar Lindbeck. 
260 |a Cambridge, Mass. :  |b The MIT Press,  |c ©1993. 
300 |a viii, 201 pages :  |b illustrations ;  |c 21 cm 
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490 1 |a Ohlin lectures ;  |v 3 
500 |a "Ohlin lectures, Handelshögskolan i Stockholm (Stockholm School of Economics), November 1989." 
504 |a Includes bibliographical references (pages 185-197) and index. 
505 0 |a 1. Introduction -- 2. The Empirical Picture -- 3. Existence of Unemployment. Alternative Micro-Based Theories of Unemployment. The Insider-Outsider Theory. Relations between Theories. The Involuntariness of Unemployment -- 4. The Macroeconomic Framework -- 5. Supply Shocks -- 6. Demand Shocks. Movements along a Downward-Sloping Labor Demand Relation. Movements along a Horizontal or Upward-Sloping Labor Demand Relation. Shifts of the Labor Demand Relation -- 7. Mechanisms of Unemployment Persistence -- 8. What Have We Learned? Answers to the Questions. Country Experiences. General Policy Implications. Power-Reducing and Enfranchising Policies. Other Institutional Reforms -- Appendix A: Derivation of the Labor Demand Relation -- Appendix B: Price and Wage Dynamics -- Appendix C: Alternative Representation of the LD-WS Model -- Appendix D: Wage-Phillips Curves for the United States, United Kingdom, and Sweden. 
520 |a Assar Lindbeck demonstrates how macroeconomic analysis can incorporate a labor market characterized by unemployment. Balancing theoretical insights with lessons drawn from the experience of many countries, Lindbeck examines employment and unemployment against the background of developed market economies during the past century. Using the insider-outsider model of unemployment and incorporating discussions of other approaches for comparison, Lindbeck addresses such questions as why unemployment exists, and how aggregate employment and unemployment are determined; what initial impulses or "shocks" precipitate changes in the levels of aggregate employment and unemployment, and how these are transmitted to the labor market; and how the apparent persistence of unemployment can be explained even when the initial shocks are reversed. Lindbeck draws policy conclusions from this analysis that include power-reducing and enfranchising policies as well as other institutional reforms. 
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650 0 |a Business cycles. 
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650 2 |a Unemployment 
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650 6 |a Emploi. 
650 6 |a Macroéconomie. 
650 6 |a Microéconomie. 
650 6 |a Politique économique. 
650 6 |a Plein emploi. 
650 6 |a Cycles économiques. 
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830 0 |a Ohlin lectures ;  |v 3. 
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