High unemployment dominates the Canadian social reality of the 1990s. Lay-offs, cutbacks, and corporate downsizings during the 1990-93 recession created a pervasive economic insecurity that remains a problem. The Unemployment Crisis, a collection of essays based on the first annual economic policy conference held at Laurentian University in Sudbury, Ontario, explores the severity of the 1990-93 recession, the reasons for the crisis, and what governments can do today to make low unemployment a reality.
High unemployment dominates the Canadian social reality of the 1990s. Lay-offs, cutbacks, and corporate downsizings during the 1990-93 recession creat...
Arguing that the consequences of the unemployment crisis could have been avoided by better government policies, particularly less restrictive monetary control, the contributors examine the effect of the zero-inflation policy adopted by the Bank of Canada and the role of unemployment insurance on the unemployment crisis of recent years. Their analysis includes discussion of various facets of unemployment in France, Germany, and Japan for comparison. Contents Introduction - Brian K. MacLean and Lars Osberg Digging a Hole or Laying the Foundation? The Objectives of Macroeconomic Policy in...
Arguing that the consequences of the unemployment crisis could have been avoided by better government policies, particularly less restrictive monetary...
