Income matters

Posted by

Mark has put together some very good analysis of the unemployment rate and GDI. I have found similar results -myself, though from different tests — firms exist in the nominal economy, so it makes sense that GDI (a real measure adjusted for the terms of trade) better explains the unemployment rate.

Advertisements

3 comments

  1. off topic,

    Dave Altig at Macro-blog has a terrific short post on household surveys and employment.
    highly recommended

    Simon Wren Lewis at Mainly Macro also has a god piece on Structural deficits and problems of measuring them ( in the UK).

    Cheers

    1. thanks – i have been very busy so i have let the blog go a little. hopefully i will be able to get back to it before too long. i will check these posts out.

      good weekend

  2. I have to confess I did not put in the links.

    Ricardo, the good fellow he is, did that

    Enjoy though

Comments are closed.