Monday, March 3, 2014

Revising NAIRU


"Solving" the unemployment problem by redefining the natural rate upward. 

Historically high long term unemployment and lower participation? Meh.

Business Insider
Here's The Story About The Economy That Liberals Don't Want To Hear
Joe Weisenthal

See also Warren Mosler, Williams Paper: Median estimate of NAIRU 6.6%


1 comment:

Ramanan said...

Evan Soltas is the future Mankiw