(missing) Chapter 20: Great Depression and European Unemployment
... A very different story: no sudden rise in unemployment, just gradual increase over 20 years Dip in unemployment at end of 80s - but inflation acclerated, suggesting natural rate of unemployment has steadily risen Why increasing natural rate? Easy to explain high natural rate, in terms of social bene ...
... A very different story: no sudden rise in unemployment, just gradual increase over 20 years Dip in unemployment at end of 80s - but inflation acclerated, suggesting natural rate of unemployment has steadily risen Why increasing natural rate? Easy to explain high natural rate, in terms of social bene ...
1 Policy assessment
... The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of vol ...
... The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of vol ...