Fiscal increasing returns, hysteresis, real wages and unemployment

• 1 April 1987
• journal article
• Published by Elsevier in European Economic Review
• Vol. 31  (3) , 560-564
• https://doi.org/10.1016/0014-2921(87)90078-x

Abstract

Keywords

• HYSTERESIS
• UNEMPLOYMENT
• REAL WAGES
• FISCAL INCREASING RETURNS