How Long to Read Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts
By Laurence M. Ball
How Long Does it Take to Read Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts?
It takes the average reader and 19 minutes to read Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts by Laurence M. Ball
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Description
This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent 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 data for various countries. Furthermore, revisions to unemployment forecasts are negatively correlated with revisions to real GDP forecasts. These results are based on forecasts taken from Consensus Economics for nine advanced countries since 1989.
How long is Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts?
Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts by Laurence M. Ball is 19 pages long, and a total of 4,921 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
How Long Does it Take to Read Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 26 minutes to read Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts aloud.
What Reading Level is Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts?
Do Forecasters Believe in Okun’s Law? An Assessment of Unemployment and Output Forecasts is suitable for students ages 6 and up.
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