A bit More on the Phillips Curve
…Err. t ————-+————————————————– unem | -.534131 .1572818 -3.40 ldfinf12 | .163519 .3714307 0.44 _cons | 6.264191 1.766739 3.55 When only 21st century data are used, the coefficient is even smaller…
…Err. t ————-+————————————————– unem | -.534131 .1572818 -3.40 ldfinf12 | .163519 .3714307 0.44 _cons | 6.264191 1.766739 3.55 When only 21st century data are used, the coefficient is even smaller…
…messy conceptual proposition indeed. That does not obviate his work’s incredible value, but he should have called his book Wealth in the 21st Century. “Capital” means, should mean, real, productive…
…of those real assets might be. Which is why — I’ll say it again — Piketty should have called it Wealth in the 21st Century. Just sayin’. Cross-posted at Asymptosis….
…value properly via pricing of claims — basically, holding up its collective thumb and squinting. Piketty should have called it Wealth in the 21st Century. That’s what he’s really talking…
…and to begin updating the business model of the Postal Service so it could build on its significant assets and retain its relevance into the 21st Century. Over the past…
…the American people, not its own agenda. It needs to find appropriate means to maintain our existing postal infrastructure while adapting it to 21st century needs and technologies. Congress needs…
…widespread impression that U.S. economic gains in the 21st century have been concentrated among the nation’s top income recipients. On the contrary, they show that the top 1% sustained the…
…regime of macroeconomic fiscal (and monetary) fine-tuning backfired in the 1960s and 1970s, leaving behind high inflation and chronically elevated unemployment, and it is working no better in the 21st…
…my gun and oh-by-the-way your toilet is over there under the sign marked “transgender.” Kind of brings the fifties roaring back to the 21st century, when there was separate but…
…of the business cycle. It was used by one of the resident labor economists who had a very 21st century view of the scientific status of macroeconomics. Brad DeLong also…