Do professional economists' forecasts reflect Okun's law? Some evidence for the G7 countries

Using survey data for the G7 countries, we report that professional economists' forecasts of changes in the unemployment rate and the growth rate of real output are consistent with Okun's law. Professional economists do not believe in potential asymmetries in Okun's law over the business cycle. They believe in the classic linear version of Okun's law.

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Year of publication:	2011
Authors:	Pierdzioch, Christian ; Rulke, Jan-Christoph ; Stadtmann, Georg
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 43.2011, 11, p. 1365-1373
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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