001479051 000__ 05292nam\a22009255i\4500 001479051 001__ 1479051 001479051 003__ DE-B1597 001479051 005__ 20231026035009.0 001479051 006__ m\\\\\o\\d\\\\\\\\ 001479051 007__ cr\un\nnnunnun 001479051 008__ 210830t20122011mau\\\\\o\\d\z\\\\\\eng\d 001479051 019__ $$a(OCoLC)816331570 001479051 020__ $$a9780674063242 001479051 0247_ $$a10.4159/harvard.9780674063242$$2doi 001479051 035__ $$a(DE-B1597)178129 001479051 035__ $$a(OCoLC)773264491 001479051 040__ $$aDE-B1597$$beng$$cDE-B1597$$erda 001479051 0410_ $$aeng 001479051 044__ $$amau$$cUS-MA 001479051 072_7 $$aBUS039000$$2bisacsh 001479051 08204 $$a339$$221 001479051 1001_ $$aStorm, Servaas, $$eauthor.$$4aut$$4http://id.loc.gov/vocabulary/relators/aut 001479051 24510 $$aMacroeconomics Beyond the NAIRU /$$cServaas Storm, C. W. M Naastepad. 001479051 264_1 $$aCambridge, MA : $$bHarvard University Press, $$c[2012] 001479051 264_4 $$c©2011 001479051 300__ $$a1 online resource (304 p.) :$$b27 graphs, 27 tables 001479051 336__ $$atext$$btxt$$2rdacontent 001479051 337__ $$acomputer$$bc$$2rdamedia 001479051 338__ $$aonline resource$$bcr$$2rdacarrier 001479051 347__ $$atext file$$bPDF$$2rda 001479051 50500 $$tFrontmatter -- $$tContents -- $$tPreface -- $$t1 The Power of Ideas -- $$t2 The Weakness of the Evidence -- $$t3 A Growth Model -- $$t4 The OECD Productivity Regime -- $$t5 OECD Demand Regimes -- $$t6 The Generalization of the NAIRU Theory -- $$t7 Europe's Nordic Model -- $$t8 Macroeconomics Beyond the NAIRU -- $$tAppendix: Data Sources -- $$tNotes -- $$tBibliography -- $$tIndex 001479051 506__ $$aAccess limited to authorized users. 001479051 520__ $$aEconomists and the governments they advise have based their macroeconomic policies on the idea of a natural rate of unemployment. Government policy that pushes the rate below this point-about 6 percent-is apt to trigger an accelerating rate of inflation that is hard to reverse, or so the argument goes. In this book, Storm and Naastepad make a strong case that this concept is flawed: that a stable non-accelerating inflation rate of unemployment (NAIRU), independent of macroeconomic policy, does not exist. Consequently, government decisions based on the NAIRU are not only misguided but have huge and avoidable social costs, namely, high unemployment and sustained inequality.Skillfully merging theoretical and empirical analysis, Storm and Naastepad show how the NAIRU's neglect of labor's impact on technological change and productivity growth eclipses the many positive contributions that labor and its regulation make to economic performance. When these positive effects are taken into account, the authors contend, a more humane policy becomes feasible, one that would enhance productivity and technological progress while maintaining profits, thus creating conditions for low unemployment and wider equality. 001479051 538__ $$aMode of access: Internet via World Wide Web. 001479051 546__ $$aIn English. 001479051 5880_ $$aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) 001479051 650_7 $$aBUSINESS & ECONOMICS / Economics / Macroeconomics.$$2bisacsh 001479051 655_0 $$aElectronic books 001479051 7001_ $$aNaastepad, C. W. M, $$eauthor.$$4aut$$4http://id.loc.gov/vocabulary/relators/aut 001479051 77308 $$iTitle is part of eBook package:$$dDe Gruyter$$tE-BOOK GESAMTPAKET / COMPLETE PACKAGE 2012$$z9783110288995$$oZDB-23-DGG 001479051 77308 $$iTitle is part of eBook package:$$dDe Gruyter$$tE-BOOK PACKAGE LAW 2012$$z9783110293814 001479051 77308 $$iTitle is part of eBook package:$$dDe Gruyter$$tE-BOOK PAKET RECHTSWISSENSCHAFTEN 2012$$z9783110288919$$oZDB-23-DGC 001479051 77308 $$iTitle is part of eBook package:$$dDe Gruyter$$tHUP eBook-Package Backlist 2000-2013 (Canada)$$z9783110756067 001479051 77308 $$iTitle is part of eBook package:$$dDe Gruyter$$tHarvard University Press eBook Package Backlist 2000-2013$$z9783110442205 001479051 852__ $$bebk 001479051 85640 $$3De Gruyter$$uhttps://univsouthin.idm.oclc.org/login?url=https://www.degruyter.com/isbn/9780674063242$$zOnline Access 001479051 909CO $$ooai:library.usi.edu:1479051$$pGLOBAL_SET 001479051 912__ $$a978-3-11-029381-4 E-BOOK PACKAGE LAW 2012$$b2012 001479051 912__ $$a978-3-11-044220-5 Harvard University Press eBook Package Backlist 2000-2013$$c2000$$d2013 001479051 912__ $$a978-3-11-075606-7 HUP eBook-Package Backlist 2000-2013 (Canada)$$b2013 001479051 912__ $$aEBA_BACKALL 001479051 912__ $$aEBA_CL_LAEC 001479051 912__ $$aEBA_EBACKALL 001479051 912__ $$aEBA_EBKALL 001479051 912__ $$aEBA_ECL_LAEC 001479051 912__ $$aEBA_EEBKALL 001479051 912__ $$aEBA_ESSHALL 001479051 912__ $$aEBA_ESTMALL 001479051 912__ $$aEBA_PPALL 001479051 912__ $$aEBA_SSHALL 001479051 912__ $$aEBA_STMALL 001479051 912__ $$aGBV-deGruyter-alles 001479051 912__ $$aPDA11SSHE 001479051 912__ $$aPDA12STME 001479051 912__ $$aPDA13ENGE 001479051 912__ $$aPDA17SSHEE 001479051 912__ $$aPDA18STMEE 001479051 912__ $$aPDA5EBK 001479051 912__ $$aZDB-23-DGC$$b2012 001479051 912__ $$aZDB-23-DGG$$b2012 001479051 980__ $$aBIB 001479051 980__ $$aEBOOK 001479051 982__ $$aEbook 001479051 983__ $$aOnline