Cost of Unemployment Affecting Full Employment and Price Stability in Saudi Arabia: An Endogenous Monetary Approach

Abstract

Saudi Arabia is facing an increased workforce out of work. We explore the factors that lead to Saudi Arabia's problem with unemployment and increasingly strict monetary policy. Re-conceptualizing the macroeconomic aim of placing of jobs and assistance for self-reliance over consumer security is critical to a) Understand the overall macroeconomic picture of the economy; b) Recognizing the monetary and social indices ought to be re-examined. Fiscal and monetary measures that deal with imbalances need to be put to the test as well. Saudi Arabia's economic structure is detailed in the series of graphic novels. Additionally, this article would investigate unemployment issues in the state's future.

Keywords: full employment; economic growth; fiscal policy; monetary policy; pro-cyclical policies; inflation; fiscal deficit; interest rate; stabilization; adjustment.