La tasa natural de desempleo: crítica a la curva de Phillips
This article synthesizes the theoretical foundations of Milton Friedman's formulations of the natural rate of unemployment. From the neoclassical perspective his theory challenged the standard policy recommendations which arise from the existence of a long run Phillips curve, via, the possibility of reducing the long run rate of unemployment at the cost of a higher rate of inflation. The concluding section of the paper highlights the economic and policy implications of the natural rate in juxtaposition with those which arise from a Keynesian perspective.
Volume (Year): (1987)
Issue (Month): 23 ()
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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.:
- Michel Aglietta, 1978. "Panorama sur les théories de l'emploi," Revue Économique, Programme National Persée, vol. 29(1), pages 80-119.
- Desai, Meghnad J, 1975. "The Phillips Curve: A Revisionist Interpretation," Economica, London School of Economics and Political Science, vol. 42(165), pages 1-19, February.
- Tobin, James, 1972. "Inflation and Unemployment," American Economic Review, American Economic Association, vol. 62(1), pages 1-18, March.
- Maddock, Rodney & Carter, Michael, 1982. "A Child's Guide to Rational Expectations," Journal of Economic Literature, American Economic Association, vol. 20(1), pages 39-51, March.
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