On 2013-06-28, at 3:38 PM, Jim Devine wrote: > does anyone know the name of a famous economist who has argued that > the U.S. economy is currently at full employment? one I can think of > (but can't remember the name of) used to be associated with the > Federal Reserve of Minneapolis and has an Asian Indian name.
Really? Kocherlakota has been arguing for months now that the Fed target of a 6.5% unemployment rate is too high. He wants the rate to drop to 5.5% before the Fed tightens, and was among those who felt Bernanke's recent "tapering" comments, which provoked an abrupt rise in interest rates, were premature. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
