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Can Fiscal Expansion Cut Unemployment?

Published online by Cambridge University Press:  26 March 2020

Andrew Britton
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Extract

In both 1977 and 1978, on average over the year, using a standardised international definition, the rate of unemployment in Britain about 6 per cent. This was about 1 per cent higher than the rate recorded for the average of all countries in OECD. Since then the rate of unemployment has risen in most countries, but by more in Britain than elsewhere. Our rate has gone up from 6 per cent to 13 per cent, while the OECD average has gone up from 5 per cent to about 8 per cent.

Type
Articles
Information
National Institute Economic Review , Volume 115 , February 1986 , pp. 83 - 99
Copyright
Copyright © 1986 National Institute of Economic and Social Research

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