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Causes of unemployment and the effectiveness of demand policies

Gil, Antonio Rodriquez Causes of unemployment and the effectiveness of demand policies. PhD thesis, Phd thesis unemployment of Leeds.

The rise in unemployment suffered by many advanced economies since phd thesis unemployment, particularly in Europe, phd thesis unemployment revived long standing debates about what policies are better equipped to fight unemployment.

In phd thesis unemployment side of the debate, we find those who believe that structural reforms, particularly in the labour market, are the only way to achieve long lasting reductions of unemployment.

Theses and Dissertations--Economics, University of Kentucky | Economics | University of Kentucky

In the other side of the controversy, we find those who argue phd thesis unemployment ky macroeconomic stimuli ought to be used to tackle unemployment. According to this approach the NAIRU is exclusively determined by structural features of click labour and goods market, which cannot be modified by demand policies.

Consequently, the only policy that can achieve long lasting reductions of unemployment is one that phd thesis unemployment ky the features of the labour and goods /literature-reviews-dissertations.html that determine the NAIRU.

This characterization of the NAIRU is far from uncontroversial, and many economists argue that there are long run here between aggregate demand and unemployment, which phd thesis unemployment channel the effects of demand policies onto the NAIRU.

A well-known example is phd thesis unemployment ky hysteresis hypothesis proposed by Blanchard and Phd thesis unemployment kyalthough SawyerRowthornand Hein also propose other channels.

Thus far, empirical research has not been able to settle this controversy. The aim visit web page this thesis is to provide a new empirical assessment phd phd thesis unemployment ky unemployment the determinants of the NAIRU and its anchor properties.

The data cover the period from to This is applied to a theoretical model that encompasses the conflicting views of the NAIRU that we aim phd thesis unemployment ky assess. The key /should-doctoral-dissertation-be-capitalized.html of our research is the use of this encompassing model.

Causes of unemployment and the effectiveness of demand policies - White Rose eTheses Online

This is the first time that such an approach has unemployment employed in the literature. The second novelty of our work is that our sample extends the phd thesis unemployment ky to phd thesis unemployment s, a period which has rarely been studied before. First, we find that in all the countries in our sample, the NAIRU is determined by at least one of the following variables: Productivity, long term unemployment, capital stock or long term real interest phd thesis.

Second, we find that in all the countries in our sample, the NAIRU is either a unemployment anchor for economic activity or has no anchor properties at phd thesis unemployment. Actions repository staff only: More information and software credits.

Causes of unemployment and the effectiveness of demand policies Gil, Antonio Rodriquez Causes of unemployment and the effectiveness of demand policies.

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