Is the natural rate a reference point?

European Economic Review

Volumn 41, Issue 3-5, 1997, Pages 559-569

  Karanassou, Marika ^a   Snower, Dennis J ^a  

^a UNIVERSITY OF LONDON   (United Kingdom)

Author keywords

Adjustment costs; Capital accumulation; Employment; Labor markets; Natural rate hypothesis; Population growth; Unemployment

Indexed keywords

EMPIRICAL STUDY; LABOUR MARKET; UNEMPLOYMENT RATE;

EID: 0031412396     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(97)00022-6     Document Type: Article

References (8)

1. Henry, Brian and Dennis J. Snower, eds., 1996, Economic policies and unemployment dynamics in Europe (IMF, Washington, DC) forthcoming.
2. Karanassou, Marika and Dennis J. Snower, 1993, Explaining the disparities in European unemployment dynamics, Rivista di Politica Economica 11, 37-62.
3. Karanassou, Marika and Dennis J. Snower, 1995, A contribution to unemployment dynamics, Discussion paper no. 1176 (CEPR, London).
4. Karanassou, Marika and Dennis J. Snower, 1996, A critique of the natural rate hypothesis, Mimeo.
5. Layard, Richard, Stephen Nickell and Richard Jackman, 1991, Unemployment: Macroeconomic performance and the labour market (Oxford University Press, Oxford).
6. Lindbeck, Assar and Dennis J. Snower, 1989, The insider-outsider theory of employment and unemployment (MIT Press, Cambridge, MA).
7. Phelps, Edmund S., 1994, Structural slumps: The modern equilibrium theory of unemployment, interest and assets (Harvard University Press, Cambridge, MA).
8. Shapiro, Carl and Joseph E. Stiglitz, 1984, Equilibrium unemployment as a worker discipline device, American Economic Review 74, no. 3, 433-444.