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Unemployment persistence and loss of productive capacity : A Keynesian approach

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  • van de Klundert, T.C.M.J.

    (Tilburg University, Center For Economic Research)

  • van Schaik, A.B.T.M.

    (Tilburg University, Center For Economic Research)

Abstract

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Suggested Citation

  • van de Klundert, T.C.M.J. & van Schaik, A.B.T.M., 1989. "Unemployment persistence and loss of productive capacity : A Keynesian approach," Discussion Paper 1989-5, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:c0b1af87-3e70-4128-8c48-c7ccd27606bf
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    References listed on IDEAS

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    1. van de Klundert, T.C.M.J., 1988. "Wage rigidity, capital accumulation and unemployment in a small open economy," Other publications TiSEM 619a319e-33e9-49e1-917c-7, Tilburg University, School of Economics and Management.
    2. van de Klundert, T.C.M.J. & Peters, P., 1986. "Price inertia in a macroeconomic model of monopolistic competition," Research Memorandum FEW 221, Tilburg University, School of Economics and Management.
    3. Blanchard, Olivier Jean & Kiyotaki, Nobuhiro, 1987. "Monopolistic Competition and the Effects of Aggregate Demand," American Economic Review, American Economic Association, vol. 77(4), pages 647-666, September.
    4. Olivier J. Blanchard & Lawrence H. Summers, 1986. "Hysteresis and the European Unemployment Problem," NBER Chapters, in: NBER Macroeconomics Annual 1986, Volume 1, pages 15-90, National Bureau of Economic Research, Inc.
    5. Olivier Jean Blanchard, 1988. "Unemployment: Getting the Questions Right - and some of the answers," NBER Working Papers 2698, National Bureau of Economic Research, Inc.
    6. Blanchard, Olivier J. & Summers, Lawrence H., 1987. "Hysteresis in unemployment," European Economic Review, Elsevier, vol. 31(1-2), pages 288-295.
    7. repec:bla:econom:v:53:y:1986:i:210(s):p:s121-69 is not listed on IDEAS
    8. Michael Burda, 1988. "Is there a capital shortage in Europe?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 124(1), pages 38-57, March.
    9. Nickell, Stephen J, 1987. "Why Is Wage Inflation in Britain So High?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 49(1), pages 103-128, February.
    10. repec:bla:econom:v:55:y:1988:i:218:p:203-17 is not listed on IDEAS
    11. van de Klundert, T.C.M.J., 1988. "Wage rigidity, capital accumulation and unemployment in a small open economy," Research Memorandum FEW 320, Tilburg University, School of Economics and Management.
    12. Ball, Laurence & Romer, David, 1991. "Sticky Prices as Coordination Failure," American Economic Review, American Economic Association, vol. 81(3), pages 539-552, June.
    13. repec:bla:scandj:v:87:y:1985:i:2:p:160-93 is not listed on IDEAS
    14. Francesco Giavazzi & Charles Wyplosz, 1985. "The Zero Root Problem: A Note on the Dynamic Determination of the Stationary Equilibrium in Linear Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(2), pages 353-357.
    15. Layard, R. & Bean, C., 1988. "Why Does Unemployment Persist?," Papers 321, London School of Economics - Centre for Labour Economics.
    16. Bruce C. Greenwald & Joseph E. Stiglitz, 1993. "Financial Market Imperfections and Business Cycles," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 77-114.
    17. Stiglitz, Joseph E, 1984. "Price Rigidities and Market Structure," American Economic Review, American Economic Association, vol. 74(2), pages 350-355, May.
    18. Michael Bruno & Jeffrey D. Sachs, 1985. "Economics of Worldwide Stagflation," NBER Books, National Bureau of Economic Research, Inc, number brun85-1.
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    Citations

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    Cited by:

    1. Franz, Wolfgang, 1990. "Hysteresis in Economic Relationships: An Overview," Empirical Economics, Springer, vol. 15(2), pages 109-125.
    2. Arestis, Philip & Mariscal, Iris Biefang-Frisancho, 1998. "Capital shortages and asymmetries in UK unemployment," Structural Change and Economic Dynamics, Elsevier, vol. 9(2), pages 189-204, June.
    3. Federico Bassi, 2016. "Aggregate demand, sunk costs and discontinuous adjustments in an amended new consensus model," Review of Political Economy, Taylor & Francis Journals, vol. 28(3), pages 313-335, July.
    4. van de Klundert, T.C.M.J. & van Schaik, A.B.T.M., 1990. "Liquidity constraints and the Keynesian corridor," Other publications TiSEM bb09d011-093e-44f5-a5f2-6, Tilburg University, School of Economics and Management.
    5. Borm, Peter & Keiding, H & McLean, R.P. & Oortwijn, S & Tijs, S, 1992. "The Compromise Value for NTU-Games," International Journal of Game Theory, Springer;Game Theory Society, vol. 21(2), pages 175-189.
    6. Amable, Bruno & Henry, J. & Lordon, F. & Topol, R., 1992. "Hysteresis : what it is and what it is not ?," CEPREMAP Working Papers (Couverture Orange) 9216, CEPREMAP.
    7. Bennett, E. & van Damme, E.E.C., 1990. "Demand commitment bargaining : The case of apex games," Other publications TiSEM ef13c9a9-3db6-4939-96ef-5, Tilburg University, School of Economics and Management.
    8. van de Klundert, T.C.M.J. & van Schaik, A.B.T.M., 1990. "Liquidity constraints and the Keynesian corridor," Research Memorandum FEW 429, Tilburg University, School of Economics and Management.
    9. Giuseppe Fontana & Alfonso Palacio‐Vera, 2007. "Are Long‐Run Price Stability And Short‐Run Output Stabilization All That Monetary Policy Can Aim For?," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 269-298, May.
    10. Shadman-Mehta, Fatemeh & Sneessens, Henri R., 1998. "Demand-Supply Interactions and Unemployment Dynamics: Can there be Path Dependency ? The Case of Belgium, 1955-1994," LIDAM Discussion Papers IRES 1998017, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

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