What is Okuns law, and how can it be used to derive an output gap Phillips curve?

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What is Okun’s law, and how can it be used to derive an output gap Phillips curve?

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Jan 03, 2019 12:14 PM

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What is Okuns law, and how can it be used to derive an output gap Phillips curve?

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Okuns law is a statistical relationship between the outp...View the full answer

Money, Banking, and the Financial System

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