Unemployment and Post-Keynesian Monetary Theory

Steven Pressman

Chapter 16 in Growth, Employment and Inflation, 1999, pp 226-240 from Palgrave Macmillan

Abstract: Abstract Unemployment once again plagues the world economy. Since the beginning of the 1990s, unemployment rates in Europe have averaged close to 10 per cent. Things have become so bad that even Sweden, once proudly boasting unemployment rates consistently below 2 per cent, has watched helplessly while 13 per cent of its labour force cannot find work.

Keywords: Interest Rate; Labour Service; Full Employment; Monetary Economy; Fractional Bank Reserve (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27393-5_16

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DOI: 10.1007/978-1-349-27393-5_16

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