Driver, Rebecca L.; Greenslade, Jennifer V.; Pierse, … - In: Oxford Bulletin of Economics and Statistics 68 (2006) 1, pp. 45-79
During the second half of the 1990s the US economy was characterized as the Goldilocks economy: not too hot, nor too cold, but just right. It was argued that this represented a new paradigm, enabling unemployment to remain low without igniting inflationary pressure. We examine the evidence for a...