Cohen, Ivan K.; Ferretti, Fabrizio; McIntosh, Bryan - In: Cogent Economics & Finance 2 (2014) 1, pp. 1-7
The misery index (the unweighted sum of unemployment and inflation rates) was probably the first attempt to develop a single statistic to measure the level of a population's economic malaise. In this letter, we develop a dynamic approach to decompose the misery index using two basic relations of...
