MACROECONOMICS BEYOND THE NAIRU
Download or Read eBook MACROECONOMICS BEYOND THE NAIRU PDF written by Servaas Storm and published by Harvard University Press. This book was released on 2012-01-02 with total page 303 pages. Available in PDF, EPUB and Kindle.
| Author | : Servaas Storm |
| Publisher | : Harvard University Press |
| Total Pages | : 303 |
| Release | : 2012-01-02 |
| ISBN-10 | : 0674062272 |
| ISBN-13 | : 9780674062276 |
| Rating | : 4/5 (72 Downloads) |
Book Synopsis MACROECONOMICS BEYOND THE NAIRU by : Servaas Storm
Book excerpt: 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.
