A companion text to "Making the Economy Work", this covers aspects of the Employment Institute's published output in its first three years. Based on items produced by the Institute, it explains why alternative action to "monetarism" could have avoided the rise in unemployment in the early 1980s.
A companion text to "Making the Economy Work", this covers aspects of the Employment Institute's published output in its first three years. Based on items produced by the Institute, it explains why alternative action to "monetarism" could have avoided the rise in unemployment in the early 1980s.
Sound currency and full employment, Rudiger Dornbusch; governments can affect employment - a critique of monetarism old and new, Gavyn Davies - economic theory and the old and new monetarist propositions, fiscal policy and demand, short-run policy ineffectiveness - the propositions explained and rational expectations explored, evaluation of short-run and long-run policy ineffectiveness, the simple algebra of the NAIRU, data sources; medium term employment strategies, Jon Shields; the state of Britain to come, Edward Heath; full employment and the balance of payments, Andrew Britton; the plain man's guide to fiscal and financial policy, Charles Bean and Willem Buiter - the public sector - shibboleths and statistics, increasing taxes to pay for government spending, other ways of financing government spending, simulating the effects on the economy, measuring fiscal stance, debts and deficits - the Chancellor's nightmare, when to run deficits.
Sound currency and full employment, Rudiger Dornbusch; governments can affect employment - a critique of monetarism old and new, Gavyn Davies - economic theory and the old and new monetarist propositions, fiscal policy and demand, short-run policy ineffectiveness - the propositions explained and rational expectations explored, evaluation of short-run and long-run policy ineffectiveness, the simple algebra of the NAIRU, data sources; medium term employment strategies, Jon Shields; the state of Britain to come, Edward Heath; full employment and the balance of payments, Andrew Britton; the plain man's guide to fiscal and financial policy, Charles Bean and Willem Buiter - the public sector - shibboleths and statistics, increasing taxes to pay for government spending, other ways of financing government spending, simulating the effects on the economy, measuring fiscal stance, debts and deficits - the Chancellor's nightmare, when to run deficits.
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