Malinvaud on Macroeconomic Policy

Henri Sneessens

Annals of Economics and Statistics, 2017, issue 125-126, 153-164

Abstract: 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.

Keywords: Classical unemployment; European unemployment; Low-skilled unemployment; Wages; Labour taxes (search for similar items in EconPapers)
JEL-codes: E2 E6 J2 J3 J6 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2017:i:125-126:p:153-164

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