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Productivity & the Future of Interest Rates. By Paul Allen Winghart. Against the Grain. Economic Acceleration. ( NonFarm ) Labor Productivity =Output / Hour Output =Product/Hour NFL Productivity = (Product/ Hour)/ Hour NFL Productivity = Product/Hour 2. Econ 101.
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Productivity & the Future of Interest Rates By Paul Allen Winghart
Economic Acceleration (NonFarm) Labor Productivity =Output / Hour Output =Product/Hour NFL Productivity = (Product/ Hour)/ Hour NFL Productivity = Product/Hour2
Econ 101 Potential GDP = Productivity + Workforce Productivity = Potential GDP - Workforce dProductivity = dPotential GDP -dWorkforcedProductivitydProductivitydProductivity dProductivity = dPotential GDPdProductivitydProductivity Productivity = Potential GDP
Caution Bell Curve Ahead Avg= 0.01% (+/- 0.20%)
What’s in a Name? Product + ivity = Life + Thing
Ceteris Paribus Output Gap = Potential GDP vs GDP Economic Theory of Relativity Goldilocks Economy