Labour market adjustment: microeconomic foundations of short-run neoclassical and keynesian dynamics
Auteur :
Pissarides
Éditeur :
Cambridge University Press
ISBN :
9780521106061
Date de publication :
2 avr. 2009
Dimensions :
21,6 x 14,0 x 1,6 cm
Poids :
350 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
The main purpose of this book is to develop a general theoretical framework within which it is possible to analyse the interaction of markets in disequilibrium. The analysis points to a short-run dynamic process which exhibits Keynesian features when involuntary unemployment coexists with frictional unemployment and Neoclassical features when involuntary unemployment falls to a very low level.