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Type: Journal Articles Authors: R. Jackman and R. Layard ISSN: Print 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 3, No. 1, March 1982
Volume, issue, pages: Vol. 3, No. 2, pp. 47-59
The basic dilemma for any government is how to get more employment without also generating more inflation. Broadly, there are only three alternative approaches. The simplest is to rule out any form of incomes policy (outside the public sector). This is equivalent to accepting high levels of unemployment into the indefinite future. For without an incomes policy it will take at least 2 million unemployed to stop inflation increasing. Search |
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