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 … improved version of the index, mainly based on output and unemployment. Specifically, this new Okun's index measures the level … gap in growth rate terms; and (3) cyclical unemployment. This dynamic approach differs substantially from the standard one …