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Alan Blinder: The Unsettling Mystery of Productivity


Since 2010 U.S. productivity has grown at a miserable rate. And no one, not even the Fed, seems to understand why. A cottage industry on Wall Street tries to forecast the Federal Reserve’s policy decisions. The Fed, in turn, bases its policy on how it thinks the economy will perform. The cottage industry, of course, knows that; so it is

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Posted: November 24, 2014 Monday 06:50 PM