The Persistence of Unemployment pdf epub mobi txt 电子书下载 2024

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Stephen R. G. Jones

McGill-Queen's University Press

1995-10

170

USD 95.00

Hardcover

9780773513075

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发表于2024-05-18

The Persistence of Unemployment epub 下载 mobi 下载 pdf 下载 txt 电子书下载 2024

The Persistence of Unemployment pdf epub mobi txt 电子书下载 2024

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The deep recession and slow recovery of the Canadian economy in the 1980s and the lengthy recession of the early 1990s raised serious questions about economic policy making. The steady worsening of Canadian unemployment rates led some economists to doubt the traditional view that the national economy is by nature self-correcting and to endorse the concept of hysteresis - the idea that the unemployment rate may display no tendency to return to an unchanging natural rate. Such hysteresis would have important and far-reaching implications for economic policy, particularly monetary policy. Jones provides an overview of leading theories of hysteresis and examines international and Canadian evidence from both microeconomic and macroeconomic perspectives. He extends the econometric analysis of hysteresis at both the micro and macro levels and concludes that while there is some evidence of dependence in Canada, the overall picture is not one of hysteresis.

The Persistence of Unemployment 下载 mobi epub pdf txt 电子书