The
stakes are high for this assessment, not only because it will be a primary determinant of the timing of Federal Reserve policy tightening; the more one believes that current high long - term unemployment is cyclically (demand) driven rather
than structurally (mismatch and demographic) driven, the more one believes workers can be brought back into
employment through monetary (or other) stimulus.»
Flawed as they are, value - added measures appear to be better predictors of student achievement
than the teacher characteristics that we currently use for high -
stakes employment and compensation decisions.