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Last edited by Open Library Bot
December 5, 2010 | History

Unemployment in Britain 1 edition

Unemployment in Britain
Christopher A. Pissarides

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Unemployment in Britain
a European success story
Christopher A. Pissarides.

Published 2003 by Centre for Economic Performance, London School of Economics and Political Science in [London] .
Written in English.

About the Book

"Unemployment in Britain has fallen from high European-style levels to US levels. I argue that the key reasons are first the reform of monetary policy, in 1993 with the adoption of inflation targeting and in 1997 with the establishment of the independent Monetary Policy Committee, and second the decline of trade union power. I interpret the reform of monetary policy as an institutional change that reduced inflationary expectations in the face of falling unemployment. The decline of trade union power contributed to the control of wage inflation. The major continental economies failed to match UK performance because of institutional rigidities, despite low inflation expectations"--London School of Economics web site.

Edition Notes

Includes bibliographical references.
Title from summary page as viewed on 1/7/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Discussion paper ;, no. 600, Discussion paper (London School of Economics and Political Science. Centre for Economic Performance : Online) ;, no. 600.


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History Created December 10, 2009 · 2 revisions Download catalog record: RDF / JSON

December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page