Price Rule?
If the Fed is trying to follow a price rule for unit labor cost based on 1.5% annual growth, it appears they’ve been quite successful.
Labels: economics, inflation, labor, macroeconomics, monetary policy, wages
posted by knzn at 8/10/2006 08:16:00 PM
2 Comments:
Food for thought, as usual.
A lot of volatility, though. Adjusting for seasonality and broad business cycle movements might clear up the picture. Or maybe no.
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