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Is Jamaica Caught in A Structural Unemployment Policy Trap?

Jones, Peter W (2007): Is Jamaica Caught in A Structural Unemployment Policy Trap?

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Abstract

For the last seventeen years in Jamaica, the theory of the natural rate of unemployment has dominated Jamaican Government macroeconomic policy making. Attention has predominantly focused on its implications for the inflation - unemployment trade-off as a result of the complete embracing of the Euro-American economic theory in comparison to say “neo-south-south economic thinking” as has happened in Brazil on this matter . However, another implication concerns the possibility that Jamaican Government policy makers may have gotten caught in a structural unemployment policy trap.

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