We propose a unique method of nowcasting and forecasting GDP growth based on a forward-looking measure of unemployment …

investigate two separate subsamples, using respectively (some measure of) unemployment or output as dependent variable. Our … bias is present only among the papers using some measure of unemployment as the dependent variable. Second, after …‐corrected estimated true OLCs are significantly lower (in absolute value) with models using some measure of unemployment as the dependent …

unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …