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Global Economy Outlook - December 2014
Česká národní banka
The November issue of Global Economic Outlook presents its regular overview of recent and expected developments in selected territories, focusing on key economic variables: inflation, GDP growth, leading indicators, interest rates, exchange rates and commodity prices. Analysis "Applicability of Okun’s law to OECD countries and other economies" examines the validity of Okun's law, which empirically assesses the strength of the relationship between growth in unemployment and GDP. Using a sample of 59 countries, our analysis shows a significant asymmetry in the evolution of Okun's coefficient since the end of the 1990s.
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