A Collection of Articles, Opinions, and Research on the Economy.
Monday, May 30, 2011
A return to normal?
Will we ever return to normal? For the last four years a big debate in economics centered around if the economy would rebound faster following a large recession. Think of a rubber band. The idea was simple, the further we fall the faster our economy will grow during the recovery phrase. This is not happening. Instead the economy is growing the same as our trend. Unless economic growth is faster than trend, we will never see a decline in unemployment.