Not exact matches
Though the Phillips curve would predict falling unemployment would cause
inflation to rise, it does not
account for a drop in participation.
«Even
though CoreLogic's national home price index got to the same level it was at the prior peak in April of 2006, once you
account for inflation over the ensuing 11.5 years, values are still about 18 % below where they were.»
As a rule of thumb, you can subtract 2 % from the annualized returns above to
account for inflation -
though note that it can be much higher during specific periods.