Believe it or not, this post is actually a response of sorts to David Glasner's nice post "What's Wrong with Econ 101" and related to John Handley's request on Twitter for a computation of the implied unemployment rate given an output gap (which I will answer more directly as soon as I find the code that generated the original graph in question).
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An ensemble of labor markets
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Believe it or not, this post is actually a response of sorts to David Glasner's nice post "What's Wrong with Econ 101" and related to John Handley's request on Twitter for a computation of the implied unemployment rate given an output gap (which I will answer more directly as soon as I find the code that generated the original graph in question).