Diagnosing Umemployment
Book Details
Format
Hardback or Cased Book
Book Series
Federico Caffe Lectures
ISBN-10
0521445337
ISBN-13
9780521445337
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Apr 14th, 1994
Print length
170 Pages
Weight
297 grams
Dimensions
21.60 x 14.00 x 1.40 cms
Product Classification:
MacroeconomicsLabour / income economicsEmployment & unemployment
Ksh 12,050.00
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An economic policy always relies on diagnosis about spontaneous trends and about the likely impact of alternative government decisions. During the last two decades the author devoted most of his time to observation and diagnosis and to the analysis of macroeconomic factors of unemployment. This book presents what was learned from this experience.
In this collection of essays. Edmond Malinvaud aims at explaining what he learned as a government statistician, particularly with respect to the unemployment problems of the last two decades. The government expert must forecast for diagnosing spontaneous trends or assessing the likely impact of public decisions. Such forecasts rely on a more or less intensive analysis. To understand the main distinction between frictional and disequilibrium unemployment requires a more rigorous conceptual apparatus than is often acknowledged; this leads to a properly defined Beveridge curve playing the major role. The most vexing issue concerns the effect of real wages on the medium term trend of labour demand; it cannot be well grasped without a good understanding of investment, for which the author presents his reference model.
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