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dc.contributor.authorSong, Lei Leien_US
dc.contributor.authorFreebairn, Johnen_US
dc.contributor.authorHarding, Donen_US
dc.date.accessioned2014-05-22T09:40:05Z
dc.date.available2014-05-22T09:40:05Z
dc.date.issued2001-05en_US
dc.date.submitted2002-08-21en_US
dc.identifier.citationSong, Lei Lei and Freebairn, John and Harding, Don (2001) Policy options to reduce unemployment: TRYM simulations.en_US
dc.identifier.isbn0734015232en_US
dc.identifier.issn13284991en_US
dc.identifier.urihttp://hdl.handle.net/11343/33628
dc.descriptionISBN 0734015232, ISSN 13284991.en_US
dc.description.abstractThis paper evaluates different policy options to reduce unemployment by using a version of the TRYM model. For the purpose of this paper, the TRYM model has been modified in several respects, particularly by combining the private business and government trading enterprise sectors. For the long run, the neoclassical model closure means that the unemployment rate converges to an exogenously set NAIRU rate. For the short and medium run, periods well in excess of ten years, policy simulations show that macroeconomic policy changes, wage changes, labour productivity changes, and NAIRU changes affect employment and unemployment. Further, these policy effects are produced whether the model begins in a disequilibrium situation of unemployment above the NAIRU or at the long run equilibrium growth path with unemployment equal to the NAIRU.en_US
dc.formatapplication/pdfen_US
dc.languageengen_US
dc.relation.isversionofhttp://www.ecom.unimelb.edu.au/iaesrwww/wp/wp2001n19.pdfen_US
dc.subjectunemployment rateen_US
dc.subjectNAIRU changesen_US
dc.subjectmacroeconomic policy changesen_US
dc.subjectemployment and unemploymenten_US
dc.subjectTreasury Macroeconomic model (TRYM)en_US
dc.titlePolicy options to reduce unemployment: TRYM simulationsen_US
dc.typePreprinten_US
melbourne.peerreviewNon Peer Revieweden_US
melbourne.affiliation.departmentEconomics and Commerce: Department of Economicsen_US
melbourne.source.month05en_US
melbourne.elementsidNA
melbourne.contributor.authorSong, Lei
melbourne.contributor.authorFreebairn, John
melbourne.contributor.authorHarding, Don
melbourne.accessrightsOpen Access


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