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UPC 9781475584684 Do Forecasters Believe in Okun's Law? an Assessment of Unemployment and Output Forecasts 

 
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ISBN 9781475584684 - Do Forecasters Believe in Okun's Law? an Assessment of Unemployment and Output Forecasts

ISBN 9781475584684
Do Forecasters Believe in Okun's Law? an Assessment of Unemployment and Output Forecasts

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Description
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 forecasts is fairly similar to that in the data for various countries. Furthermore, revisions to unemployment forecasts are negatively correlated with revisions to real GDP forecasts. These results are based on forecasts taken from Consensus Economics for nine advanced countries since 1989.
ISBN
9781475584684
ISBN-13
9 781475 584684
ISBN-10, Asin and Amazon's sku
1475584684
Gtin13
9781475584684
Gtin
09781475584684
New Link Scanned
2017-03-27 22:37:53

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