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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Ball, Laurence
مؤلفون آخرون: Jalles, Joao Tovar, Loungani, Prakash
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2014.
سلاسل:IMF Working Papers; Working Paper ; No. 2014/024
الموضوعات:
الوصول للمادة أونلاين:Full text available on IMF