Ball, Laurence; Jalles, João Tovar; Loungani, Prakash - In: International Journal of Forecasting 31 (2015) 1, pp. 176-184
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 actual data for various …This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent …