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We examine Okun's Law on the basis of new growth perspectives and in the context of the WWWForEurope project. By comparing Okun's work from 1962 with the latest IMF and OECD surveys, a connection is set up and Okun's theoretical framework is updated and its persistence is examined. In addition,...
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unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …
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most likely responsible for a considerable part of European unemployment. …
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