Monthly Archives: July 2015

Geld Zug: THE US NAIRU BASE IN MACRO-NESIA

Don’t economists just love acronyms? The usual suspects incorporate GDP and CPI, which everybody recognises – or should – instantly. Moving up the economists’ food chain, we can find other delectables such as PCE, RFR & ERP. Once you enter the realm of the macro economists, the populist pinnacle (because what this class of economists…
Read more