Do Forecasters Believe in Okun's Law? : An Assessment of Unemployment and Output Forecasts /
This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent with Okun's Law, forecasts of real GDP growth and the change in unemployment are negatively correlated. The Okun coefficient-the responsiveness of unemployment to growth-from fore...
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| Other Authors: | , |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Series: | IMF Working Papers; Working Paper ;
No. 2014/024 |
| Subjects: | |
| Online Access: | Full text available on IMF |