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Edward pregunto:
When can you start? http://www.prisonersonthemove.eu/online-courses-stanford ferry do my finance homework for me deserted rig The big takeaway is job growth since the trough has been steady and slow. This has some surprising implications for Fed policy. It isn´t in Wright´s paper, but during the conference he presented another slide showing his chart of seasonal distortions with the start and stop dates of the Fed´s asset purchase programs added on top. It turns out that the Fed stops buying assets after a few months of good job data only to restart buying once job growth slows, even though a proper measure of employment would show no acceleration or deceleration in job growth. In other words, the Fed has been reacting to meaningless data. (To be fair, staff economists at the Fed were aware of the seasonal issues caused by the Great Recession and updated their own measure of industrial production accordingly.) |
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