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The Natural Rate Of Unemployment In Australia
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Book Synopsis The Natural Rate of Unemployment in Australia by : Daniel McKay
Download or read book The Natural Rate of Unemployment in Australia written by Daniel McKay and published by . This book was released on 1997 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Natural Rate of Unemployment in Australia by : Nicolaas Groenewold
Download or read book The Natural Rate of Unemployment in Australia written by Nicolaas Groenewold and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of the natural rate of unemployment is widely used in the analysis and discussion of macroeconomic policy. It is, however, unobservable so that estimates of the natural rate are necessarily based on a particular theory of unemployment. Hence, measures of the natural rate, whether constant or time-varying, are necessarily model-dependent. Various series based on specific models have recently become available for Australia. We set out to compute a series for the natural rate based on a minimal theoretical structure captured by a two-variable structural vector-autoregressive (SVAR) model estimated using quarterly Australian data for the period 1978-1997. We assess the robustness of our estimates by varying both the theoretical restriction imposed on the model and the two variables included in the model. We find that the computed natural rate is quite sensitive to model specification, both in terms of the level and of the cyclical behaviour of the natural rate. We argue, however, that a particular variant of our model is strongly preferred to the others investigated. It produces an estimates natural rate series the behaviour of which is broadly consistent with that of series produced by others from more restrictive models.
Book Synopsis The Natural Rate of Unemployment by : Boyd Scheuber
Download or read book The Natural Rate of Unemployment written by Boyd Scheuber and published by . This book was released on 1994 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Natural Unemployment Rate in Australia Since the Seventies by : Nicolaas Groenewold
Download or read book The Natural Unemployment Rate in Australia Since the Seventies written by Nicolaas Groenewold and published by . This book was released on 1997 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inflation, Unemployment and the NAIRU in Australia by : Mark Crosby
Download or read book Inflation, Unemployment and the NAIRU in Australia written by Mark Crosby and published by . This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment and the Australian Labour Market by : Guy Debelle
Download or read book Unemployment and the Australian Labour Market written by Guy Debelle and published by . This book was released on 1998 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unemployment and the Australian labour market.
Book Synopsis The Effect of Inflation Uncertainty on the Natural Unemployment Rate in Australia by : Norman John Meredith
Download or read book The Effect of Inflation Uncertainty on the Natural Unemployment Rate in Australia written by Norman John Meredith and published by . This book was released on 1993 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Price of Prosperity by : Richard Taylor
Download or read book The Price of Prosperity written by Richard Taylor and published by UNSW Press. This book was released on 2002 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: While our leaders celebrate Australia’s ‘economic miracle’, unemployment, particularly long-term unemployment, has become a permanent feature of Australia’s economic landscape. Its unacceptably high level has proved remarkably resistant in the face of sustained economic growth and increased prosperity. The adverse economic and social consequences of high unemployment are likely to leave long-term scars on those affected, as well as on local communities and the entire fabric of Australian society. Yet these effects rarely feature on the policy agenda, and the costs of unemployment remain largely invisible.
Book Synopsis How Little Unemployment? by : John B. Wood
Download or read book How Little Unemployment? written by John B. Wood and published by . This book was released on 1975 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pamphlet presenting a microeconomic analysis of the incidence and duration of unemployment in the UK - discusses the definition of a ' natural rate of unemployment' (full employment), etc. References and statistical tables.
Book Synopsis The Natural Rate of Unemployment by : Rod Cross
Download or read book The Natural Rate of Unemployment written by Rod Cross and published by Cambridge University Press. This book was released on 1995-06-22 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: For 25 years, theory about the causes of, and possible solutions to, the problem of unemployment has been dominated by Phelps' and Friedman's natural rate of unemployment hypothesis. This postulates that the equilibrium rate of unemployment consistent with steady inflation is determined by structural variables: sustainable reductions in unemployment can be achieved only by measures to change underlying microeconomic structures, such as benefit and pay bargaining systems. Belief in the hypothesis has faltered since the 1980s, the hypothesis being unable to explain the dramatic upward shifts in European unemployment rates. These essays reflect upon the fundamental structures underlying the hypothesis, assess the related evidence, and look forwards, suggesting possible modifications. In contrast to the single rate postulated by the natural rate hypothesis, several of the contributors propose that there are ranges of unemployment rates consistent with steady inflation.
Book Synopsis Full Employment Abandoned by : William Mitchell
Download or read book Full Employment Abandoned written by William Mitchell and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by William Mitchell and Joan Muysken is both important and timely. It deals with the issue of the abandonment of full employment as an objective of economic policy in the OECD countries. It argues persuasively that macroeconomic policy has been restrictive over the recent, and not so recent past, and has produced substantial open and disguised unemployment. But the authors show how a job guarantee policy can enable workers, who would otherwise be unemployed, to earn a wage and not depend on welfare support. If such a policy is fully supported by appropriate fiscal and monetary programmes, it can create full employment with price stability, which the authors label as a Non-Accelerating-Inflation-Buffer Employment Ratio (NAIBER). This book is essential reading for any one wishing to understand how we can return to full employment as the normal state of affairs. Philip Arestis, University of Cambridge, UK This book dismantles the arguments used by policy makers to justify the abandonment of full employment as a valid goal of national governments. Bill Mitchell and Joan Muysken trace the theoretical analysis of the nature and causes of unemployment over the last 150 years and argue that the shift from involuntary to natural rate conceptions of unemployment since the 1960s has driven an ideological backlash against Keynesian policy interventions. The authors contend that neo-liberal governments now consider unemployment to be an individual problem rather than a reflection of systemic policy failure and that they are content to use unemployment as a policy instrument to control inflation and coerce the unemployed with work tests and compliance programmes rather than provide sufficient employment. They present a comprehensive theoretical and empirical critique of this policy approach, with a refreshing new framework for understanding modern monetary economies. The authors show that the reinstatement of full employment with price stability is a viable policy goal that can be achieved by activist fiscal policy through the introduction of a Job Guarantee. Full Employment Abandoned will appeal to graduate and postgraduate students and researchers of economics and politics with an interest in macroeconomic policy and the labour market, particularly unemployment and neo-liberal policy frameworks.
Book Synopsis Labour Utilisation and Wage Inflation in Australia by : Peter J. Dawkins
Download or read book Labour Utilisation and Wage Inflation in Australia written by Peter J. Dawkins and published by . This book was released on 1984 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Models of Unemployment in Australia by : Jeff Borland
Download or read book Labour Market Models of Unemployment in Australia written by Jeff Borland and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment in Australia by : Robert J. Howard
Download or read book Unemployment in Australia written by Robert J. Howard and published by . This book was released on 1992 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of the TProblems in Australian Economics' series, this third, updated edition focuses on the causes of unemployment in Australia and the steps being taken to promote recovery. Designed for senior secondary economics students, it includes tables, charts and an index.
Book Synopsis The Duration of Unemployment, Hysterisis and the Natural Rate Hypothesis by : Tanya Petridis
Download or read book The Duration of Unemployment, Hysterisis and the Natural Rate Hypothesis written by Tanya Petridis and published by . This book was released on 1989 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment by : Keith Windschuttle
Download or read book Unemployment written by Keith Windschuttle and published by . This book was released on 1980 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on social implications and political aspects of economic recession in Australia, with particicular reference to unemployment - examines implications for youths and families, the growth of crime, mental diseases and mortality, the unemployment of woman workers, etc., And analyses government policies, and attitudes of mass media, political partys and trade unions. Bibliography pp. 322 to 331, graphs, references and statistical tables.
Book Synopsis A Note on the Size of Australia's Natural Unemployment Rate by : Dennis M. Mahoney
Download or read book A Note on the Size of Australia's Natural Unemployment Rate written by Dennis M. Mahoney and published by . This book was released on 1978 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: