The proposed model analyses the structural factors determining employment as well as the aggregate demand influence on employment fluctuations in transitional economies. It is shown that governments can seek an "optimal" target inflation rate , the quicker the pace of enterprise reforms and privatization, the lower the inflation rate.
FOURÇANS, A. and VRANCEANU, R. (1995). A Model of Structural and Cyclical Employment in Transitional Economies. ESSEC Business School.