In 1958, economist A. W. Phillips published an article describing what he observed to be the inverse relationship between inflation and unemployment; subsequently, the “Phillips curve” became a central concept in macroeconomic analysis and policymaking. But today's Phillips curve is not the same as the original one from fifty years ago; the economy, our understanding of price setting behavi…
Examines the different patterns and long-term trends behind persistent unemployment across Western Europe in light of the developments in labour market theory. This work explains the emergence and persistence of unemployment.OCLC-licensed vendor bibliographic record.
A new approach for introducing unemployment into the New Keynesian framework. The past fifteen years have witnessed the rise of the New Keynesian model as a framework of reference for the analysis of fluctuations and stabilization policies. That framework, which combines the rigor and internal consistency of dynamic general equilibrium models with such typically Keynesian assumptions as mono…
Revised contributions and discussions from a two-day international conference on "Information and Communications Technologies, Employment, and Earnings," organized by the editors, held in Nice in June 1998, and sponsored by the Conseil de l'Emploi, des Revenus et de la Coh?esion Sociale (CERC), and by the 10th CREST-NBER Franco-American economic seminar.Essays on the computer and the economy, p…