Okun's law, creation of money and the decomposition of the rate of unemployment
AbstractThe rate of unemployment in period t depends on GDP and inflation rate in period tÂ -Â 1. We then show that GDP is related to money creation, and subsequently that the rate of unemployment is a decreasing function of this creation.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 102 (2009)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/ecolet
Creation of money Decomposition GDP Rate of unemployment;
Other versions of this item:
- Mussard, Stéphane & Philippe, Bernard, 2006. "Okun's Law, Creation of Money and the Decomposition of the Rate of Unemployment," IRISS Working Paper Series 2006-08, IRISS at CEPS/INSTEAD.
- Stéphane Mussard & Bernard Philippe, 2006. "Okun’s Law, Creation of Money and the Decomposition of the Rate of Unemployment," Cahiers de recherche 06-20, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mussard, Stephane & Peypoch, Nicolas, 2006. "On multi-decomposition of the aggregate Malmquist productivity index," Economics Letters, Elsevier, vol. 91(3), pages 436-443, June.
- Bernard Philippe & Stéphane Mussard, 2010.
"On the Links Between Unemployment Rate, Monetary Creation and the Value-added Sharing,"
Cahiers de recherche
10-05, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- Mussard, Stéphane & Philippe, Bernard, 2011. "On the links between unemployment rate, monetary creation and the value-added sharing," Economic Modelling, Elsevier, vol. 28(3), pages 767-774, May.
- Kovács Ildikó & Marton Noémi & Patka Kinga & Páll Katalin, 2010. "The Determinats Of The Unemployment Rate - Empirical Evidence From Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 277-282, December.
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