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Furthermore we provide a survey on a number of "hysteresis-mechanisms" which could lead to permanent shifts of equilibrium unemployment over time, implying that an unique long run NAIRU may not even exist.
In addition to theoretical issues we refer to two serious problems which might arise with empirical applications of the NAIRU concept. Conduent may implement any policy or take any action with respect to the recovery of excess incentive-based compensation, including entitlement to shares of Conduent common stock, that Conduent determines to be necessary or advisable in order to comply with the requirements of the Dodd-Frank Wall Street Financial Reform and Consumer Protection Act.
Pages: 208
Publisher: Pfeiffer; 1 edition (January 14, 1987)
ISBN: 0883901722
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