Tuesday, February 19, 2008

Essays on Inflation and Unemployment

These are some essays on inflation and unemployment I have written in the past year or two. When I first started studying economics in the 1980s, both inflation and unemployment were considerably bigger problems. Nowadays, we get worried if inflation is forecast to rise to 3%. Yet, in the 1980s, inflation of 3% would have been seen as a remarkable achievement. Similarly unemployment has fallen quite markedly since the high levels seen even during the Lawson boom. Part of the reason may be people are simply receiving different benefits. But, employment levels are at record highs and firms do mention difficulties of employing workers in certain areas.

It is easy to focus on the negative in economics, but the reduction in unemployment and inflation in the UK and other countries should be cause, for at least some collective pats on the back.

Inflation Essays
Unemployment Essays More macroeconomic essays

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