Okun’s Law, Creation of Money and the Decomposition of the Rate of Unemployment

Stéphane Mussard and Bernard Philippe ()
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Bernard Philippe: GEREM, Université de Perpignan

Cahiers de recherche from Departement d'économique de l'École de gestion à l'Université de Sherbrooke

Abstract: In this paper, we show that 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)
JEL-codes: E20 E24 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2006
New Economics Papers: this item is included in nep-mac and nep-mon
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http://gredi.recherche.usherbrooke.ca/wpapers/GREDI-0620.pdf First version, 2006 (application/pdf)

Related works:
Journal Article: Okun's law, creation of money and the decomposition of the rate of unemployment (2009)
Working Paper: Okun's Law, Creation of Money and the Decomposition of the Rate of Unemployment (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:shr:wpaper:06-20

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