Fed Gov. Santomero: Industrial Capacity May Be Understated

verfasst von CRASH_GURU, 17.06.2004, 18:11

-->Fed Gov. Santomero: Industrial Capacity May Be Understated

"Similarly, the current capacity utilization rate indicates that a significant proportion of the nation's capital stock is"offline" and available for use. But with the recent pace of technological change, a disproportionate share of that stock may be obsolete. If so, the true degree of slack in industrial capacity, and hence the downward pressure on inflation, may be overstated.

Also, the current unemployment rate seems indicative of a slack labor market. But with the recent pace of technological change, it may be that a disproportionate number of those unemployed will need to re-train and develop new skills in order to qualify for available jobs. To the extent that structural unemployment has risen, the degree of slack in labor markets, and hence the downward pressure on inflation, may be overstated."

Da könnte der guten Mann evtl. recht haben...

http://www.phil.frb.org/publicaffairs/speeches/santomero41.html

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• Fed Gov. Santomero: Industrial Capacity May Be Understated - CRASH_GURU, 17.06.2004, 18:11