Arthur Okun, father of the misery index¶
Brookings Institution. Arthur Okun, father of the misery index. source.
Cited by¶
1 citation across 1 artifact.
Domain-specific¶
- Misery index (economics)
- The economic misery index is a composite macroeconomic indicator formed, in its original and simplest version, by adding the unemployment rate to the inflation rate for the same economy and period.
Supported in partVerified against the work's full text
Brookings states the “misery index” is calculated by adding the unemployment rate to the annual inflation rate, supporting the additive construction only.
“In these days of worldwide economic turmoil, there’s a lot of talk about the “misery index” – which is calculated by adding together the unemployment rate and the annual inflation rate.”
- The economic misery index is a composite macroeconomic indicator formed, in its original and simplest version, by adding the unemployment rate to the inflation rate for the same economy and period.
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