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Is Jamaica Caught in A Structural Unemployment Policy Trap?

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Author Info
Jones, Peter W

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Abstract

For the last seventeen years in Jamaica, the theory of the natural rate of unemployment has dominated Jamaican Government macroeconomic policy making. Attention has predominantly focused on its implications for the inflation - unemployment trade-off as a result of the complete embracing of the Euro-American economic theory in comparison to say “neo-south-south economic thinking” as has happened in Brazil on this matter . However, another implication concerns the possibility that Jamaican Government policy makers may have gotten caught in a structural unemployment policy trap.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5593.

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Date of creation: 02 Nov 2007
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Handle: RePEc:pra:mprapa:5593

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Related research
Keywords: Government Of Jamaica; Unemployment Jamaica;

Find related papers by JEL classification:
O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General

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This page was last updated on 2009-11-30.

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