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Is the FOMC’s unemployment rate threshold a good idea?

Daniel Thornton ()

Economic Synopses, 2013, No 1

Abstract: The November 2012 unemployment rate would have been 1.6 percent higher had the labor force participation rate declined as it did following the 2001 recession.

Keywords: Federal Open Market Committee; Unemployment (search for similar items in EconPapers)
Date: 2013
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Handle: RePEc:fip:fedles:y:2013:n:1