Okun's law, creation of money and the decomposition of the rate of unemployment

Stéphane Mussard and Bernard Philippe

Economics Letters, 2009, vol. 102, issue 1, 7-9

Abstract: 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)
Date: 2009
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Okun's Law, Creation of Money and the Decomposition of the Rate of Unemployment (2006)
Working Paper: Okun’s Law, Creation of Money and the Decomposition of the Rate of Unemployment (2006)
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