The Labour Market in the Open Economy

  • George Alogoskoufis
Chapter
Part of the Current Issues in Economics book series (CIE)

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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Copyright information

© George Alegoskoufis 1989

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  • George Alogoskoufis

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