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Hysteresis Nairu by Forsaken Jod is a document available to read on EtoBox.

What is Hysteresis Nairu about?

The document discusses the natural rate of unemployment hypothesis and argues that it is wrong and inconsistent with evidence of hysteresis effects. It outlines different methods of modeling hysteresis and reviews evidence that recessions have permanent effects on output and unemployment levels. The implications for macroeconomic policy and profession are also discussed.

Author

Forsaken Jod

Language

EN