 natural rate of unemployment," in other words, is the level that would be ground out by the Walrasian system of general equilibrium equations, provided there is imbedded in them the actual structural characteristics of the labor and commodity markets,...  Economics Confronts the Economy - Página 171por Philip A. Klein - 2006 - 396 páginasPré-visualização limitada - Acerca deste livro
 | United States. Congress. Economic Joint Committee - 1968 - 338 páginas
...will produce downward pressure on real wage rates. The "natural rate of unemployment," in other words, is the level that would be ground out by the Walrasian...of general equilibrium equations, provided there is imbedded in them the actual structural characteristics of the labor and commodity markets, including... | |
 | United States Congress. House. Banking and Currency Committee - 1968 - 678 páginas
...will produce downward pressure on real wage rates. The "natural rate of unemployment," in other words, is the level that would be ground out by the Walrasian...of general equilibrium equations, provided there is imbedded in them the actual structural characteristics of the labor and commodity markets, including... | |
 | James Tobin - 1987 - 524 páginas
...in the structure of real wage rates" (p. 8). "The 'natural rate of unemployment'", he said, ". . . is the level that would be ground out by the Walrasian...system of general equilibrium equations, provided that there is embedded in them the actual structural characteristics of the labor and commodity markets,... | |
 | James Tobin - 1996 - 838 páginas
...equalities of demand and supply shape the path of the economy. The natural rate, according to Friedman, is "the level that would be ground out by the Walrasian system of general equilibrium equations" (1968, p. 8). The sentence continues with the proviso that "imbedded" in these equations are "market... | |
 | Helmut Frisch - 1983 - 276 páginas
...will produce downward pressure on real wage rates. The "natural rate of unemployment," in other words, is the level that would be ground out by the Walrasian...of general equilibrium equations, provided there is imbedded in them the actual structural characteristics of the labor and commodity markets, including... | |
 | A. W. Mullineux - 1984 - 156 páginas
...Bureau of Economic Research. 15 The natural rate of unemployment is defined by Friedman (1968, p. 8) as: 'The level that would be ground out by the Walrasian...them the actual structural characteristics of the labour and product markets, including imperfections, stochastic variability in demands and supplies,... | |
 | Eprime Eshag - 1983 - 316 páginas
...interest, determined by the productivity of capital, and a 'natural' rate of unemployment corresponding to the level 'that would be ground out by the Walrasian system of general equilibrium equations'. By increasing the rate of growth in the supply of money, the authorities can, 'for a time', hold the... | |
 | Ms.Anne Romanis Braun - 1986 - 404 páginas
...trends" (italics added). The "normal" secular rate of real growth and the "natural rate of unemployment" "would be ground out by the Walrasian system of general equilibrium equations," capital formation and technological improvements proceeding at a steady rate under the consistent effect... | |
 | John Eatwell, Murray Milgate, Peter Newman - 1989 - 364 páginas
...equilibrium structure of real wage rates has been termed the 'natural rate of unemployment' and defined as the level that would be ground out by the Walrasian...of general equilibrium equations, provided there is imbedded in them the actual structural characteristics of the labour and commodity markets, including... | |
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