Okun's Law: Fit at Fifty?

Laurence M. Ball, Daniel Leigh, Prakash Loungani

NBER Working Paper No. 18668
Issued in January 2013

---- Acknowledgements -----

We are grateful to Paul Beaudry, Olivier Blanchard, Dan Citrin, Mai Chi Dao, Davide Furceri, Michael Goldby, Pierre-Olivier Gourinchas, Juan Jimeno, Ayhan Kose, Akito Matsumoto, and seminar participants at the 2012 IMF Annual Research Conference for helpful comments and suggestions. Jair Rodriguez provided excellent research assistance. The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy, nor do they necessarily reflect the views of the National Bureau of Economic Research.

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