DMCA

The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?” American Economic Review, 98:2 (May), 230-35. 1 CROSS-SECTIONAL STANDARD DEVIATIONS AND CORRELATIONS Growth Unemp. π (CPI) π (GDP) Real GDP Growth 0.37 Unemployment Rate –0.40 0.16 CPI (2008)

by D. Romer , David H. Romer
Venue:Real GDP Growth Unemploymnet Rate 0.7 0.5 0.3 0.1 -0.1 -0.3 -0.5 b. Real GDP Growth and Unemployment -1 -0.5 0 0.5 1 1.5 2 Real GDP Growth 2.5 c. Inflation Measures GDP Inflation
Citations:24 - 1 self