作者：La Trobe University
摘要：Historically, lands of recent settlement have had a thirst for immigrants, but one that has been procyclical (negatively related to unemployment rates). For a period in the early 1980s, Australia's major political parties supported high immigration in spite of rising unemployment. This article explores the long-run relationship between immigration and local unemployment, posing the question, ''Do migrants rob jobs?'' It also seeks to apply long-run historical analysis to recent economic debate...
作者：TOMA, M
摘要：In 1942 the U. S. Treasury and the Federal Reserve agreed to keep the interest rate on long-term government bonds below a ceiling of 2.5 percent. Assuming rational expectations, the ceiling on long-term interest rates can be viewed as a government commitment to low long-run inflation. The Fed also agreed to buy and sell short-term government bonds at a below-market rate of 3/8 percent. This policy did not result in long-run inflation because it was narrowly confined to 3-month Treasury bills.
作者：VEDDER, RK; GALLAWAY, L
摘要：Although the ratio of nonwhite to white unemployment rates in the United States has approximated two to one for most of the postwar era, such large racial differences did not exist 60 to 100 years ago. In the era from 1890 to 1930, the nonwhite unemployment rate seemed not to be materially different than the white rate. Though writers such as Edna Bonacich, Robert Higgs, and Gerald Jaynes have made perceptive observations about race-specific differences in job opportunities over time, they did...
