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Title: On the natural rates of unemployment and interest: the Robertson connection
Authors: Boianovsky, Mauro
Presley, John R.
Keywords: Dennis Robertson
natural rate of unemployment
forced savings
natural rate of interest
labour market
inflation acceleration
Issue Date: 2002
Abstract: The paper explores the connection between the natural rates of unemployment and interest put forward by Robertson in the 1930s. This looks at monetary dynamics in the business cycle and assesses the Robertsonian contribution to post-Keynesian developments in macroeconomic theory and policy. Robertson’s approach is that of getting the correct balance between economic progress and economic stability, getting the relations right between cyclical changes in prices, output and employment and their long run equilibrium values over time.
Description: Economics Research Paper, no. 02-08
URI: https://dspace.lboro.ac.uk/2134/365
Appears in Collections:Working Papers (Economics)

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