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How to Decrease Unemployment

  • Olivier J. Blanchard
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)

Abstract

I do not share the view which has dominated in this volume, that nothing short of a dramatic and painful overhaul of the supply side of our economies will reduce unemployment. I believe unemployment in Western Europe can be reduced, can be reduced to low levels, and that this need not involve much pain.

Keywords

Labor Market Unemployment Rate Minimum Wage Fiscal Policy Real Interest Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Servizio Italiano Pubblicazioni Internazionali Srl 1996

Authors and Affiliations

  • Olivier J. Blanchard
    • 1
    • 2
  1. 1.MITCambridgeUSA
  2. 2.NBERUSA

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