"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%
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%
Evan Soltas is the future Mankiw
ReplyDelete