Edmund S. Phelps, (2017), “Nothing Natural About the Natural Rate of Unemployment”, Project Syndicate, 2 Νοεμβρίου
With unemployment reaching very low levels in major economies, despite low – and slowly rising – inflation, it’s time for central banks to rethink their reliance on the so-called natural rate. No numerical target for this rate can serve as an anchor for monetary policy.
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- Darvas, Zsolt, Pichler, David, (2017), «Employment in Europe and the US: the EU’s remarkable strength», Bruegel, 28 Σεπτεμβρίου
- Brandolini, Andrea, Carta, Francesca, D’Amuri, Francesco, (2017), «A Feasible Unemployment-Based Shock Absorber for the Euro Area», Journal of Common Market Studies, 54(5), pp. 1123-1141