MACROECONOMICS BEYOND THE NAIRU

Released on by Servaas Storm
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  • MACROECONOMICS BEYOND THE NAIRU Book Detail

  • Author : Servaas Storm
  • Release Date : 2012-01-02
  • Publisher : Harvard University Press
  • Genre : Business & Economics
  • Pages : 303
  • ISBN 13 : 9780674062276
  • File Size : 19,19 MB
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MACROECONOMICS BEYOND THE NAIRU by Servaas Storm PDF Summary

Book Description: 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.

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