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Underemployment Equilibria


Underemployment Equilibria
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Underemployment Equilibria


Underemployment Equilibria
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Author : Jacques H. Drèze
language : en
Publisher: Cambridge University Press
Release Date : 1991

Underemployment Equilibria written by Jacques H. Drèze and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.


This 1991 book is a selection of Jacques Drèze's work over the last decade on the topics of lasting unemployment, stagflation and unused capacity. At the theoretical level, the author has contributed to the formulation and analysis of general equilibrium models which allow for price rigidities and excess supply and lend themselves to econometric implementation, thus represents an attempt to integrate micro- and macroeconomics, and to use theory for empirical and policy purposes.



Underemployment Equilibria From Theory To Econometrics And Policy


Underemployment Equilibria From Theory To Econometrics And Policy
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Author :
language : en
Publisher:
Release Date : 1986

Underemployment Equilibria From Theory To Econometrics And Policy written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with categories.




Continua Of Underemployment Equilibria Reflecting Coordination Failures Also At Walrasian Prices


Continua Of Underemployment Equilibria Reflecting Coordination Failures Also At Walrasian Prices
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Author :
language : en
Publisher:
Release Date : 2001

Continua Of Underemployment Equilibria Reflecting Coordination Failures Also At Walrasian Prices written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.




Imperfect Competition Underemployment Equilibria And Fiscal Policy


Imperfect Competition Underemployment Equilibria And Fiscal Policy
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Author : Marco Pagano
language : en
Publisher:
Release Date : 1989

Imperfect Competition Underemployment Equilibria And Fiscal Policy written by Marco Pagano and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Competition, Imperfect categories.




Equilibrium Unemployment Theory Second Edition


Equilibrium Unemployment Theory Second Edition
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Author : Christopher A. Pissarides
language : en
Publisher: MIT Press
Release Date : 2000-03-02

Equilibrium Unemployment Theory Second Edition written by Christopher A. Pissarides and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-03-02 with Business & Economics categories.


This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market. This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.



Structural Slumps


Structural Slumps
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Author : Edmund S. Phelps
language : en
Publisher: Harvard University Press
Release Date : 1994

Structural Slumps written by Edmund S. Phelps and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.


Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands-some modern and some classical--a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s. Phelps sees secular shifts and long swings of the unemployment rate as structural in nature. That is, they are typically the result of movements in the natural rate of unemployment (to which the equilibrium path is always tending) rather than of long-persisting deviations around a natural rate itself impervious to changing structure. What has been lacking is a "structuralist" theory of how the natural rate is disturbed by real demand and supply shocks, foreign and domestic, and the adjustments they set in motion. To study the determination of the natural rate path, Phelps constructs three stylized general equilibrium models, each one built around a distinct kind of asset in which firms invest and which is important for the hiring decision. An element of these models is the modern economics of the labor market whereby firms, in seeking to dampen their employees' propensities to quit and shirk, drive wages above market-clearing levels-the phenomenon of the "incentive wage"--and so generate involuntary unemployment in labor-market equilibrium. Another element is the capital market, where interest rates are disturbed by demand and supply shocks such as shifts in profitability, thrift, productivity, and the rate of technical progress and population increase. A general-equilibrium analysis shows how various real shocks, operating through interest rates upon the demand for employees and through the propensity to quit and shirk upon the incentive wage, act upon the natural rate (and thus equilibrium path). In an econometric and historical section, the new theory of economic activity is submitted to certain empirical tests against global postwar data. In the final section the author draws from the theory some suggestions for government policy measures that would best serve to combat structural slumps.



Mr Keynes On Underemployment Equilibrium


Mr Keynes On Underemployment Equilibrium
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Author : Alvin Harvey Hansen
language : en
Publisher:
Release Date : 1936

Mr Keynes On Underemployment Equilibrium written by Alvin Harvey Hansen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1936 with categories.




Employment And Equilibrium


Employment And Equilibrium
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Author : Arthur Cecil Pigou
language : en
Publisher:
Release Date : 1978

Employment And Equilibrium written by Arthur Cecil Pigou and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Business & Economics categories.




Job Matching Wage Dispersion And Unemployment


Job Matching Wage Dispersion And Unemployment
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Author : Dale T. Mortensen
language : en
Publisher: Oxford University Press, USA
Release Date : 2011-04-28

Job Matching Wage Dispersion And Unemployment written by Dale T. Mortensen and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-28 with Business & Economics categories.


A selection of key papers from the winners of the Nobel Memorial Prize 2010. It features their most important work on unemployment, labour market dynamics, and the equilibrium search model.



Continua Of Underemployment Equilibria Reflecting Coordination Failures Also At Walrasian Prices


Continua Of Underemployment Equilibria Reflecting Coordination Failures Also At Walrasian Prices
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Author :
language : en
Publisher:
Release Date : 2001

Continua Of Underemployment Equilibria Reflecting Coordination Failures Also At Walrasian Prices written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.