The road back to full employment

Layard, RichardORCID logo (1996) The road back to full employment. [Working paper]
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This is the paper of a lecture held in honour of Rudolf Meidner, attempting to answer the following questions: How far can recovery go before the labour market becomes so tight that inflationary pressures once more get out of hand? In other words, what level of employment in future will be sustainable?


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