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An Economist’s Manifesto on Unemployment in the European Union

Author

Listed:
  • Franco Modigliani
  • Jean Paul Fitoussi
  • Beniamino Moro
  • Denis Snower
  • Robert Solo
  • Alfred Steinherr
  • Paolo Sylos Labini

Abstract

This manifesto challenges a pernicious orthodoxy that has gripped Europe’s policy makers. It is that demand and supply side policies must have different aims, that a limited number of supply side policies are to be devoted to fighting unemployment, and that demand management (and particularly monetary policy) is to be devoted solely to fighting inflation. We are confident that if out proposals are given proper attention by governments and monetary authorities, unemployment can be reduced significantly in a matter of a few years.

Suggested Citation

  • Franco Modigliani & Jean Paul Fitoussi & Beniamino Moro & Denis Snower & Robert Solo & Alfred Steinherr & Paolo Sylos Labini, 1999. "An Economist’s Manifesto on Unemployment in the European Union," Journal of Income Distribution, Ad libros publications inc., vol. 8(2), pages 1-1, December.
  • Handle: RePEc:jid:journl:y:1999:v:08:i:2:p:1-1
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    File URL: http://jid.journals.yorku.ca/index.php/jid/article/view/623
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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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