Research Discussion Paper – RDP 2015-14 Okun's Law and Potential Output

Contents

The Discussion Paper series is intended to make the results of the current economic research within the Reserve Bank available to other economists. Its aim is to present preliminary results of research so as to encourage discussion and comment. Views expressed in this paper are those of the authors and not necessarily those of the Reserve Bank. Use of any results from this paper should clearly attribute the work to the authors and not to the Reserve Bank of Australia.

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We would like to acknowledge earlier internal work at the RBA by Mark Baker and Alex Cooper, on which we have relied. We would also like to thank Adam Cagliarini, Alex Cooper, Kathryn Davis, David Jacobs, Christopher Kent, Michael Plumb, Matthew Read, Dan Rees and John Simon for helpful comments.