classical unemployment; European unemployment; low-skilled unemployment; wages; labour taxes
Résumé :
[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 :
Macroéconomie & économie monétaire
Auteur, co-auteur :
SNEESSENS, Henri ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Co-auteurs externes :
yes
Langue du document :
Anglais
Titre :
Malinvaud on Macroeconomic Policy
Date de publication/diffusion :
2017
Titre du périodique :
Annals of Economics and Statistics
ISSN :
1968-3863
eISSN :
2115-4430
Maison d'édition :
Institut National de la Statistique et des Etudes Economiques (ADRES), Paris, France
