Sunday, November 15, 2015

Matthew Yglesias moves the goalposts on Abenomics


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.