01942cas a2200337 a 4500 AALejournalIMF014211 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475584097 1018-5941 BD-DhAAL BD-DhAAL Ball, Laurence. Do Forecasters Believe in Okun's Law? : An Assessment of Unemployment and Output Forecasts / Laurence Ball, Joao Tovar Jalles, Prakash Loungani. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (19 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides an assessment of the consistency of unemployment and output forecasts. We show that, consistent with Okun's Law, forecasts of real GDP growth and the change in unemployment are negatively correlated. The Okun coefficient-the responsiveness of unemployment to growth-from forecasts is fairly similar to that in the data for various countries. Furthermore, revisions to unemployment forecasts are negatively correlated with revisions to real GDP forecasts. These results are based on forecasts taken from Consensus Economics for nine advanced countries since 1989. Mode of access: Internet Okun Coefficient imf Okun's Law imf Okun imf Unemployment imf WP imf Germany imf Jalles, Joao Tovar. Loungani, Prakash. IMF Working Papers; Working Paper ; No. 2014/024 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/024/001.2014.issue-024-en.xml IMF e-Library