1-20 of 557 Search Results for

natural rate of unemployment

Follow your search
Access your saved searches in your account

Would you like to receive an alert when new items match your search?
Close Modal
Sort by
Journal Article
History of Political Economy (2017) 49 (1): 137–159.
Published: 01 March 2017
...Danilo Freitas Ramalho da Silva This article describes the work of Robert E. Lucas Jr. in the late 1960s, which culminated in the modeling and testing of the natural rate of unemployment hypothesis. I show the roles played by Edmund Phelps and Edward Prescott in Lucas's transition from adaptive...
Journal Article
History of Political Economy (1984) 16 (2): 291–309.
Published: 01 June 1984
... (as one would expect). Friedman’s rule could not be beaten in the appropriate context, but in the other setting it was clearly inferior. All this horse racing seems beside the point until one notices that the emphasis has shifted from the natural rate of unemployment proposition...
Journal Article
History of Political Economy (1989) 21 (1): 27–42.
Published: 01 March 1989
.... 1985 . ‘Knut Wicksell and Milton Friedman on the normal or natural rate of unemployment.’ Unpublished manuscript, University of Lund. Knudtzon , E. J. 1976 . Knut Wicksells tryckta skrifter 1868–1950 (Knut Wicksell's printed works 1868–1950). Lund Lindahl , E. 1939 . Studies...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 283–308.
Published: 01 December 2011
..., as unemployment was considered economically comparable to an output gap. Again, Lucas’s main interest was to test the long-run impli- cations of the rational expectations theory, especially Milton Friedman’s natural rate hypothesis (see Lucas 1972, 1973). In terms of model (9), the natural rate...
Journal Article
History of Political Economy (2008) 40 (2): 397–405.
Published: 01 June 2008
... of unemployment. It follows, then, that if market decisions are distorted by policy such that unemployment falls below its natural rate, the resulting level of output is depicted as a point beyond the PPF. The extra-PPF point represents an overheated economy and, equivalently, an unsustainble level...
Journal Article
History of Political Economy (2018) 50 (3): 483–509.
Published: 01 September 2018
... .” History of Economics Review ( 25 ): 232 – 48 . Leeson Robert . 1998 . “ Early Doubts about the Phillips Curve Trade-Off .” Journal of the History of Economic Thought ( 20 ): 83 – 102 . Leeson Robert . 2000 . “ The Rise of the Natural-Rate of Unemployment Model .” In The Eclipse...
Journal Article
History of Political Economy (1984) 16 (2): 263–290.
Published: 01 June 1984
..., and the natural rate of unemployment.’ Brookings Papers on Economic Activity 2 : 429 -72. Sargent , Thomas J. 1976a . ‘A classical macro-economic model for the United States.’ Journal of Political Economy 84 ( April ): 207 -37. Sargent , Thomas J. 1976b . ‘The observational equivalence...
Journal Article
History of Political Economy (2003) 35 (3): 385–436.
Published: 01 September 2003
.... London: Routledge. Boianovsky, M., and J. R. Presley. 2002 . On the Natural Rates of Unemployment and Interest: The Robertson Connection . Research paper 8/2002, University of Loughborough, Department of Economics. Boianovsky, M., and V. Tarascio. 1998 . Mechanical Inertia and Economic Dynamics...
Journal Article
History of Political Economy (2003) 35 (1): 166–168.
Published: 01 March 2003
... rate, and that there are no longer clearly definable cycles. Colandercomments that Keynes himself neveradvocated deficit financing, that U.S. econometrics actually works best with a multiplier of 2, that the U.S. natural rate of unemployment has mysteriously fallen from 6 to 4 percent so it is hardly...
Journal Article
History of Political Economy (2016) 48 (2): 341–347.
Published: 01 June 2016
..., and the Natural Rate of Unemployment.” Brookings Papers on Economic Activity 2 : 429 – 71 . Sent Esther-Mirjam . 2002 . “How (Not) to Influence People: The Contrary Tale of John F. Muth.” History of Political Economy 34 ( 2 ): 291 – 319 . ———. 2005 . “Obituary: John F. Muth (1930–2005...
Journal Article
History of Political Economy 557–578.
Published: 20 March 2019
... – 42 . Sargent T. J. 1973 . “ Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment .” Brookings Papers on Economic Activity 2 : 429 – 72 . Sargent T. J. 1976c . “ The Observational Equivalence of Natural and Unnatural Rate Theories...
Journal Article
History of Political Economy (2011) 43 (3): 513–536.
Published: 01 September 2011
... of a Representative Student . Ann Arbor : University of Michigan Press . Salop S. C. 1979 . A Model of the Natural Rate of Unemployment . American Economic Review 69 : 117 – 25 . ———. 1986 . Practices That (Credibly) Facilitate Oligopoly Coordination . In New Developments in the Analysis...
Journal Article
History of Political Economy (2019) 51 (3): 557–578.
Published: 01 June 2019
... of Unemployment .” Brookings Papers on Economic Activity 2 : 429 – 72 . Sargent T. J. 1984 . “ Autoregressions, Expectations and Advice ”. American Economic Review 74 : 408 – 15 . Sargent T. J. 1976a . “ The Observational Equivalence of Natural and Unnatural Rate Theories...
Journal Article
History of Political Economy (1992) 24 (2): 413–433.
Published: 01 June 1992
... efficiency of capital and the rate of interest,” Pigou failed “to include in his formal scheme” (278 “It is, indeed, strange that Pro- fessor Pigou should have supposed that he could furnish a theory of unemployment which involves no reference at all to changes in the rate of investment . . . due...
Journal Article
History of Political Economy (1979) 11 (4): 572–587.
Published: 01 November 1979
... of Hume’s theory with the re- cent discussions of the “monetary theory of nominal income” (Gordon, pp. 38-62); the short-run, long-run Phillips curves; and the “natural rate of unemployment.” The scope of the present article precludes such a lengthy discussion: however, it is a topic worthy...
Journal Article
History of Political Economy (1988) 20 (2): 207–234.
Published: 01 June 1988
...-a rate of unemployment temporarily and unsustainably below the (Friedmanian) natural rate and-in Figure 2-a depth of capital tem- porarily and unsustainably maintained by a loan rate of interest kept below the (Wicksellian) natural rate. To this point the Austrian story has been told...
Journal Article
History of Political Economy (1989) 21 (4): 723–736.
Published: 01 November 1989
... raised the natural rate of unemployment in the United States. Section 1.4 reviewed Smith and Ricardo’s view of the nonequivalence of tax and bond financing. The remainder of this paper is devoted to the relevance of that view in today’s context. Ricardo’s hypothesis of non- equivalence...
Journal Article
History of Political Economy (2000) 32 (4): 733–764.
Published: 01 November 2000
... theory “misnomer” and to point out the “misleading nature” of Friedman’s “natural rate of unemployment [which] begs the basic policy question that Keynes raisedwhether one can rely on the ‘self-adjusting character of the economic system’ for the achievement of full employment.” Patinkin (1959, 586...
Journal Article
History of Political Economy (2020) 52 (2): 367–396.
Published: 01 April 2020
...Mauro Boianovsky This article investigates the role played by Friedman’s interpretation of Brazilian inflation in his 1967 formulation of the natural rate hypothesis and in his 1976 discussion of indexation and other institutional arrangements in the face of chronic inflation. It is argued...
Journal Article
History of Political Economy (2015) 47 (2): 207–240.
Published: 01 June 2015
... was flawed and that the attempt to maintain unemployment below the natural rate results in accelerating inflation (253). The inertial theory was not attrib- uted to anyone, but later, discussing monetarism, they attributed the verti- cal Phillips curve view to Friedman, naming no others (327...