Okun's Law and Jobless Growth

This policy note tries to understand the slow job recovery in the United States as the economy exists a recession. We show that the time-varying Okun coefficient has declined since the early 1990s, thus being consistent with the observation of jobless growth. This finding contrasts with other countries that show an increase in the time-varying Okun coefficient

Okun's Law and Jobless Growth

This policy note tries to understand the slow job recovery in the United States as the economy exists a recession. We show that the time-varying Okun coefficient has declined since the early 1990s, thus being consistent with the observation of jobless growth. This finding contrasts with other countries that show an increase in the time-varying Okun coefficient

The Great Trade Debate

Information about whether United States trade protectionism will help or hurt the U.S. economy was presented at a roundtable discussion. Included were the views of several business, economic and trade experts who argued both for and against the position that protectionist trade policies will backfire against U.S. consumers and workers. The panelists included Dartmouth economist Douglas Irwin, former U.S. trade representative Susan Schwab and magazine publisher John R. MacArthur