The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Thursday, October 20, 2011

Ricardian Ambivalence on the Dole-UE relationship (chart)

RA has run some tests. I am not so sure I agree with his conclusion--perhaps across the entire time-series, but it is not obvious to me what leads what over, say, the last 10 years, and the labour market structure has clearly changed since the 1990s. Further, the current disconnect looks a little unusual.