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The medium-run growth potential has been estimated between 1 and 1.5%.
The dismal outlook for medium-run growth would flatten the yield curve like a pancake, taking the air out of maturity-transformation funny business.
Yet the Rorshach nature of the monthly report actually resolves into a clear picture if one steps back and looks at the medium-run trend.
Fig. 3 Medium-run preferences over τ.
We do so via simulations as well as with an application related to the medium-run effects of birth weight.
If workers take into account the medium-run prospects, they may favor an increase in τ; however, for most of them, it is likely that the short-run costs of a tax increase would outweigh the medium-run benefits.
Similar(48)
It saves money in the short run, but in the medium run they could get hurt".
It doesn't seem like a sustainable approach in the long run or even the medium run.
"There had always been, over the medium run, relatively intense competition to get the next program," he said.
Severe economic tensions combined with fierce parliamentary opposition will likely destabilize the current government in the medium run".
Core PCE inflation will be much less volatile, and will, over the medium run, hover basically where the Fed wants it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com