An economic recovery, following a recession, where the economy as a whole increases, but the unemployment rate remains high or even continues to rise over a period of time. This effect may be a result of cautious employers that add hours to existing employees in order to increase production capacity rather than hiring new workers). – In this case, monetary policy cannot bring about a thorough and lasting improvement, even though this is repeatedly claimed and demanded – even in respected textbooks. The best contribution of a central bank to employment is to safeguard the measure property of money. – See depression, financial crisis, spring shoots, money functions, insolvency cases, business cycle, crisis whip.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/