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Causes of the 1980s Slump in Europe

Author

Listed:
  • Jean-Paul Fitoussi

    (Observatoire français des conjonctures économiques)

  • Edmund S Phelps

    (Center on Capitalism and Society)

Abstract

UNEMPLOYMENT in Europe has reached levels in this decade that have not been seen since the Great Depression. The annual unemployment rate in the European Economic Community rose sharply in 1981 and continued rising to its 1984-85 plateau. In contrast, the U.S. unemployment rate, which also rose to a postwar record level, nearly regained its 1980 level by 1985, as shown below.

Suggested Citation

  • Jean-Paul Fitoussi & Edmund S Phelps, 1986. "Causes of the 1980s Slump in Europe," Sciences Po publications info:hdl:2441/6277, Sciences Po.
  • Handle: RePEc:spo:wpmain:info:hdl:2441/6277
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Interest rates, inflation & mechanisms
      by chris dillow in Stumbling and Mumbling on 2014-04-28 18:47:19

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    Cited by:

    1. Froot, Kenneth A & Klemperer, Paul D, 1989. "Exchange Rate Pass-Through When Market Share Matters," American Economic Review, American Economic Association, vol. 79(4), pages 637-654, September.
    2. Howard R. Vane & Chris Mulhearn, 2009. "Interview with Edmund S. Phelps," Journal of Economic Perspectives, American Economic Association, vol. 23(3), pages 109-124, Summer.
    3. Bennett T. McCallum, 1987. "The case for rules in the conduct of monetary policy: a concrete example," Economic Review, Federal Reserve Bank of Richmond, issue Sep, pages 10-18.

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