Теоријске контроверзе о природној стопи незапослености
Theoretical Controversies On The Natural Rate Of Unemployment

Summary/Abstract: In modern macroeconomics, theoretical disagreements on many issues are quite common. One of these issues is unemployment. Among other things, there is disagreement over the definition of the natural rate of unemployment, the reasons for rising unemployment, the relationship between inflation and unemployment in the short and long run, and the suggested economic policy measures. The traditional theory on the natural rate of unemployment has been generally accepted in the mainstream literature but there are some other approaches to this issue, such as the hysteresis theory and the chain reaction theory of unemployment. The aim of this paper is to examine the contemporary macroeconomic approaches to the labour market, particularly the chain reaction theory of unemployment as a new model significantly affecting the economic policy.

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