Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2007-11-16
Number: 07-088/1
Author-Name: Peter Rodenburg
Author-Email: p.rodenburg@uva.nl
Author-Workplace-Name: University of Amsterdam
Title: The Remarkable Place of the UV-Curve in Economic Theory
Abstract: The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve and argues that the role of the UV-curve has changed from a measuring device to a graphical representation of full employment to an axiom necessary for matching models of unemployment. This changing role is best understood in the light of a paradigmatic change from Keynesianism to neoclassical search theory.
Classification-JEL: B; E; J
Keywords: UV-curve; Beveridge curve; UV-analysis; Matching models; Theories of Unemployment; History of Economic Thought; Induction; Full employment; Measurement of unemployment
File-Url: https://papers.tinbergen.nl/07088.pdf
File-Format: application/pdf
File-Size: 380266 bytes
Handle: RePEc:tin:wpaper:20070088