Friday, January 29, 2016

Mulligan vs Fed Forecasts

In 2014, my book was predicting that Real GDP per capita would grow 0.2-1.5% per year through 2016-17.

At the same time, the Federal Reserve Board was predicting 1.2-2.3% per year.

There is still time to go, but as of 2015-Q4, the actual result has been 1.35% per year over 8 quarters.

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