Before you pronounce Abenomics a failure, check the working age population growth rate and the unemployment rate.
— Matthew Yglesias (@mattyglesias) November 16, 2015
Robert Waldmann noticed that Matthew Yglesias has moved the goalposts from Abenomics generating inflation to some different indicators based on labor supply. Check his post out first.
I don't currently have access to my computer with the Japan model on it, but the latest data would be consistent with it as well as this re-programmed version of it:
The failure of Abenomics to generate even 1% inflation is striking on this graph.
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Also, try to avoid the use of dollar signs as they interfere with my setup of mathjax. I left it set up that way because I think this is funny for an economics blog. You can use € or £ instead.
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