Table of contents
Is There a Cointegrating Vector for UK Wages?
Julia Darby, Simon Wren‐LewisAn understanding of the determination of real wages is crucial inanalysing the determination of the natural rate of unemployment orNAIRU. Uses cointegration techniques to examine…
Openness, Imperfect Competition and the NAIRU
Frank Harrigan, Peter G. McGregor, Kim Swales, Ya Ping YinConsiders the treatment of openness and imperfect competition inthe influential analysis of Layard, Nickell and Jackman′s (LNJ′s) Unemployment: Macroeconomic Performance and the…
Unemployment Revisited
Stephen NickellDiscusses a number of issues put forward by the other authors inthis volume. In particular considers the potential role of real interestrates in unemployment models, the…
Internal and External Balance: The Layard, Nickell and Jackman Approach to the NAIRU and External Balance
Ray BarrellThe analysis of the processes determining unemployment in an openeconomy has been considerably advanced by the work of Layard, Nickelland Jackman in their book Unemployment…
A Survey of Recent Econometric Work on the NAIRU
Roy CrombCompares Layard, Nickell and Jackman′s empirical model of UKunemployment with other time‐series econometric studies to assesswhether the balance of evidence supports their…
The NAIRU as a Theory of Equilibrium Unemployment
Rod CrossAssesses the NAIRU framework for analysing the determinants ofequilibrium unemployment, as expressed in Layard, Nickell and Jackman′sUnemployment: Macroeconomic Performance and…
Unit Root in the Wage‐Price Spiral Is Not Hysteresis in Unemployment
Bruno Amable, Jérôme Henry, Frédéric Lordon, Richard TopolHysteresis is one of the main concepts used in Layard, Nickell andJackman′s book, Unemployment: Macroeconomic Performance and theLabour Market. Attempts to clarify the concept of…
ISSN:
0144-3585Online date, start – end:
1974Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Prof Mohsen Bahmani-Oskooee