Okun's law revisited: should we worry about low unemployment?

David Altig, Terry Fitzgerald and Peter Rupert ()

Economic Commentary, 1997, issue May

Abstract: A review of the connection between labor resource utilization and the growth/unemployment correlation summarized by Okun's law, showing that the instability of that relationship, particularly over short time horizons, has important implications for monetary policy.

Keywords: Inflation (Finance); Monetary policy; Unemployment (search for similar items in EconPapers)
Date: 1997
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