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Persistent link: https://www.econbiz.de/10001485675
This paper finds that the Economic Discomfort Index (aka "Misery Index"), defined by Arthur Okun as the sum of the unemployment rate plus the annual rate of inflation, provides a rough and ready explanation of economic malaise as measured by the University of Michigan Index of Consumer...
Persistent link: https://www.econbiz.de/10014160473