‘Beveridge threshold’ can explain US soft landing – study
Gauti Eggertson tells Jackson Hole attendees why many economists were too gloomy about growth
The concept of a “Beveridge threshold”, combined with a non-linear Phillips curve, can explain why the US economy appears to be heading for a soft landing, research presented at the Jackson Hole conference finds.
Economist Gauti Eggertson presented the paper today (August 23) at the gathering of central bankers and academics hosted by the Federal Reserve Bank of Kansas City.
The research, co-authored with Pierpaolo Benigno, offers an explanation for why many prominent economists appear to have
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