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Federal Reserve Bank of St. Louis
Economic Synopses
Okun’s law: a meaningful guide for monetary policy?
Yi Wen
Mingyu Chen
Abstract

Okun’s law can be a useful guide for monetary policy, but only if the natural rate of unemployment is properly measured.>


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Yi Wen & Mingyu Chen, "Okun’s law: a meaningful guide for monetary policy?" , Federal Reserve Bank of St. Louis, Economic Synopses, number 15, 2012.
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Keywords: Unemployment ; Gross domestic product ; Monetary policy
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