Reference : Malinvaud on Macroeconomic Policy
Scientific journals : Article
Business & economic sciences : Macroeconomics & monetary economics
http://hdl.handle.net/10993/31311
Malinvaud on Macroeconomic Policy
English
Sneessens, Henri mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
2017
Annales d'Economie et de Statistique = Annals of Economics and Statistics
Institut National de la Statistique et des Etudes Economiques (ADRES)
125-126
Yes
International
0769-489X
2115-4430
Paris
France
[en] classical unemployment ; European unemployment ; low-skilled unemployment ; wages ; labour taxes
[en] The objective of this brief essay is to discuss Edmond Malinvaud’s contribution
to the European macroeconomic policy debate, as it evolved from the
early seventies till the early 2000’s. I start with the concepts of Keynesian vs
classical unemployment and the consequences of real wage rigidities. I next
review Malinvaud’s analysis of the low-skilled unemployment problem and
his call for targeted labour tax exemptions. I close with a brief discussion of
the respective role of macroeconomic and structural policies.
Researchers
http://hdl.handle.net/10993/31311

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