Abstract
The 1970s have seen many developments in macroeconomics, that have in many ways transformed the way in which open economies are analysed. Among these is an increasing emphasis on the role of relative prices like real wages (relative price of labour), competitiveness (relative price of imports), the relative price of oil, real interest rates and others.
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© 1989 George Alegoskoufis
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Alogoskoufis, G. (1989). The Labour Market in the Open Economy. In: Sapsford, D., Tzannatos, Z. (eds) Current Issues in Labour Economics. Current Issues in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-20393-2_9
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DOI: https://doi.org/10.1007/978-1-349-20393-2_9
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-45354-4
Online ISBN: 978-1-349-20393-2
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