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Labor Productivity
45
40
35
30
25
20
15
10
5
0
0
50
100
150
200
250
300
350
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400
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Real Income
600
500
400
300
200
100
0
0
50
100
150
200
250
300
350
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400
DE
½
4@³ÐB±<W±
120
110
100
vacancies
90
80
70
60
50
40
0
10
20
30
40
unemployment
50
60
70
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120
unemployment
vacancies
100
80
60
40
20
0
0
50
100
150
200
250
300
350
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400
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B
Productivity Growth Rates
0.8
0.75
beta=0
0.7
10
9
0.65
8
7
0.6
10
var=0
6
9
5
8
7
4
6
5
3
4
3
2
2
Variance of draws
var=0.1
1
1
beta
beta=1
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Growth Rates of Real Income
beta=0
1.4
10
1.3
9
8
1.2
7
1.1
6
1
10
var=0
5
9
4
8
7
3
6
5
variance of draws
2
4
3
1
2
1
0
beta
beta=1
var=0.1
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Unemployment Rates
0.6
0.55
0.5
beta=0
10
0.45
9
8
0.4
7
6
0.35
5
4
0.3
10
3
9
8
7
2
6
5
var=0
4
1
3
2
1
0
beta
beta=1
variance of draws
var=0.1
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B
Growth Rates of Real Wages
beta=0
0.55
0.5
10
8
0.45
6
0.4
4
0.35
10
2
9
8
7
6
5
var=0
4
beta
3
2
variance of draws
0
1
beta=1
var=0.1
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