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Macroeconomics Beyond the NAIRU Servaas Storm
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Macroeconomics Beyond the NAIRU
Servaas Storm
The authors make a strong case that a stable non-accelerating inflation rate of unemployment (NAIRU), independent of macroeconomic policy, does not exist. Consequently, government decisions based on the NAIRU are not only misguided but have huge and avoidable social costs, namely, high unemployment and sustained inequality.
304 pages, 27 graphs, 27 tables
| Media | Books Hardcover Book (Book with hard spine and cover) |
| Released | January 2, 2012 |
| ISBN13 | 9780674062276 |
| Publishers | Harvard University Press |
| Pages | 304 |
| Dimensions | 163 × 236 × 24 mm · 564 g |
| Language | English |
