The Remarkable Place of the UV-Curve in Economic Theory

Peter Rodenburg ()

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve and argues that the role of the UV-curve has changed from a measuring device to a graphical representation of full employment to an axiom necessary for matching models of unemployment. This changing role is best understood in the light of a paradigmatic change from Keynesianism to neoclassical search theory.

Keywords: UV-curve; Beveridge-curve; Theories of Unemployment; UV-analysis; Matching models; History of Economic Thought (search for similar items in EconPapers)
JEL-codes: B21 B22 J63 J64 (search for similar items in EconPapers)
Date: 2007-11-16
New Economics Papers: this item is included in nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5823

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