Equilibrium unemployment theory. Christopher A. Pissarides
ISBN: 0262161877,9780262161879 | 0 pages | 4 Mb
Equilibrium unemployment theory Christopher A. Pissarides
Pissarides for taking home the 2010 Nobel Prize. As Alex Tabarrok notes, this year's prize can usefully be thought of as a prize for unemployment theory. 3.4 The Kalai-Smorodinsky solution. Wage rigidity is thus introduced as an ad hoc assumption to explain how an unemployment “equilibrium” is possible. To the best of our knowledge, this is the first attempt to implement and systematically compare these solutions in search-matching economies. 4.3 Equilibria of unemployment. O seu livro “Equilibrium Unemployment Theory” é também uma referência na literatura macroeconómica do desemprego. He has written extensively in professional journals and his book Equilibrium Unemployment Theory is an influential reference in the economics of unemployment and has been translated in many languages. Keynes and his followers, however, reject the fundamental classical theory of full employment equilibrium in the economy. The question of how central banks can take real economic considerations into. This text, written with the graduate student in mind, analyzes the aggregate demand and aggregate supply for the open economy both in the short-term and in the long-term. Equilibrium unemployment in the theoretical literature and that their significance varies depending on which theoretical model is being used. 4 Labor market equilibria and properties. The difference between the two (supply and demand) is unemployment.