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unusual facts about Robert Barro



CEPOS

It hosts numerous conferences each year and has attracted high-level speakers, including Robert Barro, George Borjas, Nobel Laureate Edward Prescott, Nobel Laureate Gary Becker, Sir Nigel Lawson and many others.

Involuntary unemployment

Following earlier disequilibrium research including that of Robert Barro and Herschel Grossman, work by Edmund Malinvaud clarified the distinction between classical unemployment, where real wages are too high for markets to clear, and Keynesian unemployment, involuntary unemployment due to inadequate aggregate demand.


see also