Okun's law and the labor force

Mar 16, 2018

I was curious about how the dynamic information equilibrium model of RGDP (described in a presentation/Twitter talk available here) matched up with an equivalent model of employment L (FRED PAYEMS) — they should to some degree because of Okun's law (for a more formal version in terms of information equilibrium "quantity theory of labor" see

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Information Equilibrium

Okun's law and the labor force