Thursday, August 10, 2006

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.

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7 Comments:

Blogger Gabriel Mihalache said...

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.

Thu Aug 10, 09:13:00 PM EDT  
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