Sales vs. Labor Quality
In a fairly textbook recession (adverse shock to aggregate demand), demand for money increases, while demand for everything else produced in the economy decreases. This raises the real value of money,...
View ArticleHiding from Paul Krugman is Easy
Krugman has a recent post where he cites a SF Fed study regarding the unemployment rate among recent college graduates: Mark Thoma leads us to new research from the San Francisco Fed showing that...
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