The Role of Demand Management Policies in Reducing Unemployment
نویسنده
چکیده
This quotation appears at the beginning of the Policy Recommendations section of the Organization for Economic Cooperation and Development's recent jobs study (OECD, 1994). However, of the fifty-nine separate recommendations only three concern macroeconomic policies, and but 10 percent of the background analysis is concerned with macroeconomic issues. The three specific macroeconomic recommendations are: (1) maintaining demand at a level appropriate for achieving noninflationary growth; (2) fiscal consolidation; and (3) improving the mix of public spending and taxation (as much a microeconomic measure in any case). Likewise most of the contributions to this conference concentrate on structural issues connected with labor markets rather than traditional macroeconomic questions.
منابع مشابه
Commentary: The Role of Demand Management Policies in Reducing Unemployment
The paper by Charles Bean is an excellent survey on how demand management policies may be beneficial in reducing unemployment, in the context of high, persistent unemployment among European countries. Professor Bean at the outset argues that in order to reduce the unemployment rate to a level socially acceptable (in Europe), policies are needed on both the demand and supply side. I keenly share...
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