RDP 2015-14: Okun's Law and Potential Output
Equation (4)
Δ
U
t
=
α
t
Δ
U
t
−
1
+
β
(
Δ
2
Y
t
−
μ
t
)
+
γ
Δ
2
r
u
l
c
t
−
2
+
ε
t
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaeiLdiaadw fadaWgaaWcbaGaamiDaaqabaGccqGH9aqpcqaHXoqydaWgaaWcbaGa amiDaaqabaGccaqGuoGaamyvamaaBaaaleaacaWG0bGaeyOeI0IaaG ymaaqabaGccqGHRaWkcqaHYoGydaqadaqaaiaabs5adaWgaaWcbaGa aGOmaaqabaGccaWGzbWaaSbaaSqaaiaadshaaeqaaOGaeyOeI0Iaeq iVd02aaSbaaSqaaiaadshaaeqaaaGccaGLOaGaayzkaaGaey4kaSIa eq4SdCMaaeiLdmaaBaaaleaacaaIYaaabeaakiaadkhacaWG1bGaam iBaiaadogadaWgaaWcbaGaamiDaiabgkHiTiaaikdaaeqaaOGaey4k aSIaeqyTdu2aaSbaaSqaaiaadshaaeqaaaaa@5C94@