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Patrick, check out NBER Working Paper 6924 by Blanchard and Katz, "Wage
Dynamics: Reconciling Theory and Evidence," which among other things offers
an interesting and plausible reconciliation of the "wage curve" and the
"Phillips curve." Gil
>
>I'm putting together a doctoral course in labor economics. Any citations on
>recent changes in US & European unemployment/natural rate hypothesis would
>be greatly appreciated.
>
>peace, plmason
>
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