January 27, 2015

No religion, merely incompetence

Comment on 'NAIRU — more religion than science'

Blog-Reference

The discussion about NAIRU has always been vacuous because employment is given by this testable formula.

For the scientifically valid derivation see (2014) or (2012).

Egmont Kakarot-Handtke


References
Kakarot-Handtke, E. (2012). Keynes’s Employment Function and the Gratuitous
Phillips Curve Disaster. SSRN Working Paper Series, 2130421: 1–19. URL
Kakarot-Handtke, E. (2014). The Three Fatal Mistakes of Yesterday Economics: Profit, I=S, Employment. SSRN Working Paper Series, 2489792: 1–13. URL