Do Professional Economists' Forecasts Reflect Okun's Law? Some Evidence for the G7 Countries

Georg Stadtmann (1) , Jan-Christoph Ruelke, , Christian Pierdzioch

1 Institute for Industrial Organization

Using survey data for the G7 countries, we report that professional economists' forecasts of changes in the unemployment rate and the growth rate of real output are consistent with Okun's law. Professional economists do not believe in potential asymmetries in Okun's law over the business cycle. They believe in the classic linear version of Okun's law.

Mots clés: Social Sciences & Humanities

Georg Stadtmann, Jan-Christoph Ruelke,, Christian Pierdzioch. Do Professional Economists' Forecasts Reflect Okun's Law? Some Evidence for the G7 Countries. Applied Economics, 2009, pp.1. ⟨10.1080/00036840802600400⟩. ⟨hal-00582276⟩