Monetarist and Keynesian Policies for the Italian Labour Market: An Application of Interactive Control Methods
作者:
Carlo Carraro,
期刊:
LABOUR
(WILEY Available online 1987)
卷期:
Volume 1,
issue 1
页码: 177-204
ISSN:1121-7081
年代: 1987
DOI:10.1111/j.1467-9914.1987.tb00110.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACT:This paper aims at analysing the effects of monetarist and keynesian policies on Italian unemployment rate. Furthermore, it examines whether an optimal policy exists such that unemployment can be lowered without negatively affecting other policy targets (inflation or balance of trade). To answer these questions, interactive control methods are applied to a simple, intermediate‐run, disequilibrium model of the Italian economy. A comparison between actual and optimal policies is also provide
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