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Responding to Kling responding to me.
Angry Bear — Robert Waldmann responds to Arnold Kling's response Arnold Kling was generous enough with his time to respond here to a post of mine Sorry I was AWOL. Thank you Arnold Kling for responding to me. I'm flattered. "Not quite. The more heterogeneous labor force does not necessarily raise the natural rate of unemployment. However, it makes it harder to recover from an adverse shock." On heterogeneity and the Beveridge curve, I don't see how heterogeneity can make it harder to recover from a shock or reduce the beneficial impact of a stimulus and increase ...