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The Fed’s moving target: NAIRU

…upward). I cannot provide a link, but here are their conclusions pertaining to monetary policy: In the case of rising NAIRU [RW: this is the rate of unemployment that does…

Forbes and the "Self-Made" Label

by cactus Forbes and the “Self-Made” Label I’m kinda busy these days, but this topic is small pet peeve of mine: what the heck is up with Forbes and the…

Off label drug pushers

…have to submit articles.” Off-label use of drugs is big business. According to The Wall Street Journal, “[FDA] is stepping into a high-stakes business issue, because off-label uses of prescription…

Mike sends a response to rdan on off-label drugs

…unreasonable cases, but if it is reasonable that the off-label use of the drug might have caused the damage, then the encouraged off-label use would lead to an assumption of…

NAIRU V Estimation

by Marco Fioramanti and Robert Waldmann This is the second to last post on the European Commissions DG -Ec-Fin estimates of cyclical unemployment for the purposes of calculating output gaps….