Okun's Law, Creation of Money and the Decomposition of the Rate of Unemployment

Stéphane Mussard and Bernard Philippe

No 2006-08, IRISS Working Paper Series from IRISS at CEPS/INSTEAD

Abstract: In this paper, we show that the rate of unemployment in period t depends on GDP and inflation rate in period t-1. We then show that GDP is related to money creation, and subsequently that the rate of unemployment is a decreasing function of this creation.

Keywords: creation of money; decomposition; GDP; rate of unemployment (search for similar items in EconPapers)
JEL-codes: E20 E24 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2006-11
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Okun's law, creation of money and the decomposition of the rate of unemployment (2009)
Working Paper: Okun’s Law, Creation of Money and the Decomposition of the Rate of Unemployment (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:irs:iriswp:2006-08

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