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On the natural rates of unemployment and interest: the Robertson connection

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posted on 12.08.2005, 14:49 authored by Mauro Boianovsky, John R. Presley
The paper explores the connection between the natural rates of unemployment and interest put forward by Robertson in the 1930s. This looks at monetary dynamics in the business cycle and assesses the Robertsonian contribution to post-Keynesian developments in macroeconomic theory and policy. Robertson’s approach is that of getting the correct balance between economic progress and economic stability, getting the relations right between cyclical changes in prices, output and employment and their long run equilibrium values over time.

History

School

  • Business and Economics

Department

  • Economics

Pages

395718 bytes

Publication date

2002

Notes

Economics Research Paper, no. 02-08

Language

en