classical unemployment; European unemployment; low-skilled unemployment; wages; labour taxes
Abstract :
[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.
Disciplines :
Macroeconomics & monetary economics
Author, co-author :
Sneessens, Henri ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
External co-authors :
yes
Language :
English
Title :
Malinvaud on Macroeconomic Policy
Publication date :
2017
Journal title :
Annales d'Economie et de Statistique
ISSN :
2115-4430
Publisher :
Institut National de la Statistique et des Etudes Economiques (ADRES), Paris, France
