"All participants anticipated that unemployment would remain substantially above its longer-run sustainable rate at the end of 2011, even absent further economic shocks; a few indicated that more than five to six years would be needed for the economy to converge to a longer-run path characterized by sustainable rates of output growth and unemployment and by an appropriate rate of inflation."
Monday, March 23, 2009
the duration
from the International Herald Tribune, Krugman: What will stop the pain?:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment