Evaluating Unemployment Policies : What Do the Underlying Theories Tell Us? /

The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest; on different macroeconomic theories, and our co...

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Bibliographic Details
Main Author: Snower, Dennis
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/007
Online Access:Full text available on IMF
Description
Summary:The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest; on different macroeconomic theories, and our confidence in the prescriptions least in part--on the theories' ability to predict some salient stylized facts about unemployment behavior. The paper considers four types, of policies laissez faire, demand-management supply-side; and structural policies.
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Physical Description:1 online resource (44 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Access:Electronic access restricted to authorized BRAC University faculty, staff and students