Abstract
It is difficult, if not impossible, for the standard Keynesian and neoclassical macroeconomic models to explain the vastly different unemployment experiences of OECD countries over the past two decades. The dominant macro theories have failed us in this regard, and it is important to be aware of how far-reaching this failure has been.
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© 1996 Servizio Italiano Pubblicazioni Internazionali Srl
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Karanassou, M., Snower, D.J. (1996). Explaining Disparities in Unemployment Dynamics. In: Baldassarri, M., Paganetto, L., Phelps, E.S. (eds) The 1990s Slump. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24661-8_2
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DOI: https://doi.org/10.1007/978-1-349-24661-8_2
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