econbrowser.com - 10/21/2009
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Does high unemployment mean that there's nothing to worry about in terms of inflation?
Since I'll be trying to answer this question quantitatively using some equations, I'll begin with some notation. Let u t denote the unemployment rate as of the end of a particular quarter t ; currently u ...
interfluidity.powerblogs.com - 10/28/2009
bloomberg.com - 10/19/2009
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bloomberg.com —
Gold at $2,000 Becomes Inflation-Adjusted Bullseye for ‘80
High By Pham-Duy Nguyen Oct. 19 (Bloomberg) -- Gold’s...
rally to a record means prices are still 53 percent below the 1980 inflation-adjusted peak . While gold rose 19 percent this year to ...
(more)
Gold at $2,000 Becomes Inflation
blogs.reuters.com - 10/23/2009
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blogs.reuters.com —
The length of time the average unemployed person
has been without a job has been hitting new...
record highs for a while; it's now managed to pass the 6-month mark. That's much higher than any previous peak in this data series. And I fear that the only ...
(more)
Unemployment datapoint of the day
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links for 2009-10-20
Economist's View —
... Volcker Has Obama’s Ear, but Not on Overhaul of Banks - NYTimes.com
Unemployment and inflation - Econbrowser ...
James Hamilton Estimates a Phillips Curve
EconLog: Library of Economics and Liberty —
He finds , the forecast of the model for the average inflation rate between 2009:Q4 and 2011:Q4 is -0.5%. ...If for further evidence on inflationary expectations you looked at the gap in yields between nominal Treasuries and TIPS, you'd say inflation expectations remain quite low-- currently the 10-year spread corresponds to an average annual inflation rate under 2% for the next decade. Read his whole post, particularly if you are an undergraduate student of macroeconomics. Implicit in his equation is the assumption that the NAIRU (the non-accelerating-inflation rate of ...
Wednesday links: cash returns
Abnormal Returns —
... How much weight should we put on predictions of deflation based on current unemployment levels? (Econbrowser) ...
links for 2009-10-22
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Calculated Risk: Macroblog: "The growing case for a jobless recovery"
Jim Hamilton: Unemployment and Inflation
Atrios: ...
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