RDP 2015-14: Okun's Law and Potential Output
Equation (3)
Δ
U
t
=
α
Δ
U
t
−
1
+
β
(
Δ
2
Y
t
−
μ
)
+
γ
Δ
2
r
u
l
c
t
−
2
+
ε
t
.
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