Lars P. Syll — Busting the NAIRU myth

Making policy based on fairy tales.

Lars P. Syll’s Blog
Busting the NAIRU myth
Lars P. Syll | Professor, Malmo University

Edmund S. Phelps — Nothing Natural About the Natural Rate of Unemployment

All this does not mean there is no natural unemployment rate, only that there is nothing natural about it. There never was.

Project Syndicate
Nothing Natural About the Natural Rate of Unemployment

Edmund S. Phelps | 2006 Nobel laureate in economics, and Director of the Center on Capitalism and Society at Columbia University

Barkley Rosser — The Natural Rate Does Not Equal NAIRU: A Reminder

This is a fantasy that needs to be exposed once and for all and banished from the textbooks once and for all, and indeed from public discourse more generally, particularly by economists.

Econospeak
The Natural Rate Does Not Equal NAIRU: A ReminderJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University

Matias Vernengo — How to solve the crisis without doing a thing

Are you concerned with unemployment and the effects of austerity on the very slow recovery? The Congressional Budget Office (CBO), with the help of mainstream theory, has a solution. Just hike the natural rate of unemployment.

Naked Keynesianism
How to solve the crisis without doing a thing
Matias Vernengo | Associate Professor of Economics, University of Utah