| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP315 |
| DP315 The Thatcher Miracle? | |
| Stephen Nickell; Richard Grenville Layard | |
| 发表日期 | 1989-04-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | Since 1979 productivity growth in Britain has improved markedly compared with Europe. The turnaround in productivity growth has two main causes. The British economy was subjected to a far more severe contraction of demand in 1980-81 than any other country. This led to a new realism, which was sustained by the legal changes in trade union power. Since 1979 there has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due to the neglect of skill training and education (causing skill shortages) and to the build-up of long-term unemployment (which does little to restrain inflation). |
| 主题 | International Macroeconomics |
| 关键词 | inflation Productivity Trade unions Unemployment United kingdom |
| URL | https://cepr.org/publications/dp315 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529463 |
| 推荐引用方式 GB/T 7714 | Stephen Nickell,Richard Grenville Layard. DP315 The Thatcher Miracle?. 1989. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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