Categories
- Admin
- Britain
- Central banking
- Climate change
- Debriefing 101
- Economics
- Eurozone
- Fantasy Budget
- Friends like this
- Guest blogger
- Higher Education
- Hyperinflation
- IMF
- Inflation
- Japan
- Job Guarantee
- Labour costs
- Labour Force
- Letters to
- Linux
- MMT Textbook
- Music
- National Accounts
- Netherlands
- Permaculture
- Personal
- Politics
- Q&A
- RBA decisions
- Saturday quiz
- Sport
- Teaching models
- Timor-Leste
- UK Economy
- Unemployment Benefits
- US economy
- Youth unemployment
-
Recent Posts
- It is hard to defend the 1 per cent by claiming their contribution added value
- Britain continues to look like a failed state
- Real wage cuts do not stimulate employment
- Full employment is still low unemployment and zero underemployment
- Saturday Quiz – June 15, 2013 – answers and discussion
- Saturday Quiz – June 15, 2013
- Case Study – British IMF loan 1976 – Part 2
- Australian labour market – weak and deteriorating
- Massive real wage cuts will not improve growth prospects
- Drowning in a morass of mis-education
Recent Comments
- Nick Edmonds on It is hard to defend the 1 per cent by claiming their contribution added value
- Senexx on Britain continues to look like a failed state
- James on Britain continues to look like a failed state
- Big Bill on Britain continues to look like a failed state
- Danny on Britain continues to look like a failed state
- Andy on Britain continues to look like a failed state
- John on Britain continues to look like a failed state
- The Dork of Cork. on Britain continues to look like a failed state
- Anthony Zappia on Real wage cuts do not stimulate employment
- James Schipper on Real wage cuts do not stimulate employment
Archives
Other Information
Links
-
My latest book
Full employment abandoned: shifting sands and policy failures
Available from Edward Elgar UK - click image to go to their on-line catalogue
Recommended book
Other Blogs
- Fiscal Sustainability Teach-In
- UMKC
- Warren Mosler
- Peter Martin - The Age
- Michael Perelman
- Bruce McFarling
- Sean Carmody
- Heteconomist
- Stephen Ewald
E-Mail subscription
Daily Archives: Tuesday, January 22, 2013
Okun’s Law survives 50 years – trouble for the neo-liberals
The IMF recently released an interesting Working Paper – Okun’s Law: Fit at 50? – which considers the relationship between the unemployment rate and real GDP growth. I mentioned Arthur Okun in yesterday’s blog. The paper is useful because it … Read the rest of this entry
Posted in Economics
5 Comments



