tag:blogger.com,1999:blog-3621026.post673568937416608586..comments2024-03-29T06:05:04.162+01:00Comments on Robert's Stochastic thoughts: NAWRU II . There is no such thing as a NAWRURoberthttp://www.blogger.com/profile/14455788499385673507noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3621026.post-15121139541644713492015-12-23T17:46:27.411+01:002015-12-23T17:46:27.411+01:00"The opinions on this question of everyone wh..."The opinions on this question of everyone who has ever had any role in negotiating wages were considered irrelevant."<br /><br />A short, bittersweet summary of everything that has happened in economics since we were undergraduates.<br /><br />Since he was a year behind us, I blame Barack Obama.Ken Houghtonhttps://www.blogger.com/profile/01440837287933536370noreply@blogger.comtag:blogger.com,1999:blog-3621026.post-42820747539347577382015-12-23T14:00:51.831+01:002015-12-23T14:00:51.831+01:00Robert a couple of typos
The Commission gives me...Robert a couple of typos<br /> <br />The Commission gives mere elected officials some slack <b>IF</b> unemployment is above the NAWRU as estimated by Commission staff.<br /><br />This means that there is <b>NO</b> downward nominal rigidity<br /><br />Normally, I might ignore them, but these ones change the meaning.reasonhttps://www.blogger.com/profile/10958786975015285323noreply@blogger.com