The Yuan and the Hume Specie Flow Model
…Mr. Tamny has learned about the Hume Specie Flow mechanism, but he should be careful before he insists that this simple theory always works so perfectly in practice. Update: Bruce…
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I Thought Slower Population Growth was a Good Thing
On March 31, David Altig discussed this paper by Stephanie Aaronson, Bruce Fallick, Andrew Figura, Jonathan Pingle and William Wascher: On balance, the results suggest that most of the decline…
Are We Near Full Employment?
David Altig says yes. He also reviews a recent paper by Stephanie Aaronson, Bruce Fallick, Andrew Figura, Jonathan Pingle and William Wascher entitled The Recent Decline in Labor Force Participation…