Macroeconomic Unemployment and Structural Unemployment
AbstractDuring the 1990s, the lowest sustainable rate of unemployment (LSRU) in Canada declined from the 7.5-to-8% range to perhaps around 6%. Barring an international recession and excessive rigidity on the part of the central bank, Canada could achieve this 6% unemployment level within a few quarters. There is a good persumption that eliminating macroeconomic unemployment and keeping the unemployment rate close to the LSRU level could help reduce structural unemployment.
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Bibliographic InfoArticle provided by University of Toronto Press in its journal Canadian Public Policy.
Volume (Year): 26 (2000)
Issue (Month): s1 (July)
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Postal: University of Toronto Press Journals Division 5201 Dufferin Street Toronto, Ontario, Canada M3H 5T8
Web page: http://economics.ca/cpp/
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Marcello M. EstevÃ£o & Evridiki Tsounta, 2010. "Canada's Potential Growth: Another Victim of the Crisis?," IMF Working Papers 10/13, International Monetary Fund.
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