The report consists of three parts: "The Design of a Federal Employment Program to Counter Recession"; "The Design of a Federal Employment Program in a Strategy to Raise Low Earnings"; and "The Design of a Guaranteed Job Opportunity as a Part of Welfare Reform". In Part 1, an Anti-Recession Program (ARP) is proposed. ARP is an automatically…

This volume consists of four articles dealing with strategies for combatting unemployment in the 1980s. In the first article, entitled "The Problem of Unemployment in the United States," Martin Neil Baily examines the nature of unemployment, the inflation trade-off and the natural rate of unemployment, indicators of structural change,…