Of Jane Austen and the secret life of econometric quantities, or as otherwise entitled on Okun's Law and the 'multiplicative inverse surprise'

Albers, Scott (2013): Of Jane Austen and the secret life of econometric quantities, or as otherwise entitled on Okun's Law and the 'multiplicative inverse surprise'.

Abstract

This article proposes that Okun’s Law is an empirical relationship between employment and production which, in the United States, correlates to the relationship between the radius of a circle and one-half of its circumference i.e. numerically, the ratio 1 : π. This requires two new sets of numbers, these being the set of feminine numbers (0<F<1) and their inverses in the set of masculine numbers (1<M), as well as the invention of the “Jane Austen Multiplicative Inverse.” Data describing Okun’s Law appears to confirm the reliability of this approach with an accuracy of up to 1.05 parts in 100,000.

• Item Type: MPRA Paper
• Language: English
• Keywords: Okun's Law, multiplicative inverse, United States GNP, trigonometry, Kondratiev wave, pi, phi, Golden Mean, Great Pyramid of Giza,
• Subjects: C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics; C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods; E - Macroeconomics and Monetary Economics > E0 - General; E - Macroeconomics and Monetary Economics > E0 - General > E00 - General; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E10 - General; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E17 - Forecasting and Simulation: Models and Applications; Y - Miscellaneous Categories > Y1 - Data: Tables and Charts; Y - Miscellaneous Categories > Y1 - Data: Tables and Charts > Y10 - Data: Tables and Charts

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