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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,...

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Hiding 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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