Federal Reserve Bank of Cleveland
Okun's law revisited: should we worry about low unemployment?
A review of the connection between labor resource utilization and the growth/unemployment correlation summarized by Okun's law, showing that the instability of that relationship, particularly over short time horizons, has important implications for monetary policy.
Cite this item
David E. Altig & Terry J. Fitzgerald & Peter Rupert, "Okun's law revisited: should we worry about low unemployment?"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue May, 1997.
Keywords: Unemployment ; Monetary policy ; Inflation (Finance)
This item with handle RePEc:fip:fedcec:y:1997:i:may15
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