How to Decrease Unemployment

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


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.


Labor Market Unemployment Rate Minimum Wage Fiscal Policy Real Interest Rate 
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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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