.@LounganiPrakash “Recessions are not rare,” echoed Prakash Loungani, a macro-economist at the #IMF. “What is rare is a recession that is forecast in advance.” Despite an increased amount of economic data..., “the ability to predict downturns remains dismal”, he told @FT— Satyen Baindur (@Satyen_Baindur) April 9, 2018
Inability to explain the #LFPR decline 4 most countries by 'exogenous' effects #Demographics #AgeingPopulation or #Cyclical Effects (#GreatRecession, modest recovery) => role 4 policy interventions – e.g. unemployment benefits, taxes, coordination of wage setting, migration.— Satyen Baindur (@Satyen_Baindur) April 10, 2018
