Okun's law, creation of money and the decomposition of the rate of unemployment
The 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.
References listed on IDEAS
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.