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Real Wages and Employment

Keynes, Monetarism and the Labour Market

Real Wages and Employment by Andres Drobny
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With both Monetarist and Keynesian economic theory so closely bound up with employment levels and inflation, the contrast between the two models is here given thorough examination in light of real post-war data. Following the development of Monetarism as a reaction against Keynesian analysis, Drobny focuses on the importance of relative pricing within each approach as a basis for comparison. Drawing from both theories, the author forms models of labour demand and applies the conflicting results to a series of pragmatic tests, thereby highlighting the usefulness and the limitations of each standpoint.
Taylor and Francis; January 2004
250 pages; ISBN 9781134988020
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Title: Real Wages and Employment
Author: Andres Drobny