Albers, Scott and Albers, Andrew L. (2013): Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works.

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Abstract
In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869present, may be structured in recurring 14year periods. A steadystate rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden Mean” (1:phi or 1:1.6180) every fourteen years on average. Building on this foundation we show herein that “Okun’s Law,” a 3:1 proportion between percent growth in real GNP and percent decrease in the rate of unemployment, is actually a pi:1 proportion, created through a form of mathematic / harmonic inverse. The resulting model of economics in the United States is thereby aligned with geometric, harmonic and trigonometric analysis, rather than purely statistical methods.
Item Type:  MPRA Paper 

Original Title:  Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works 
English Title:  Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works 
Language:  English 
Keywords:  Pi, Phi, Golden Mean, Okun's Law, United States economic history, GNP Spiral, Kondratiev Wave, Long Wave, trigonometric analysis 
Subjects:  A  General Economics and Teaching > A1  General Economics > A10  General A  General Economics and Teaching > A1  General Economics > A12  Relation of Economics to Other Disciplines A  General Economics and Teaching > A1  General Economics > A13  Relation of Economics to Social Values B  History of Economic Thought, Methodology, and Heterodox Approaches > B0  General B  History of Economic Thought, Methodology, and Heterodox Approaches > B0  General > B00  General B  History of Economic Thought, Methodology, and Heterodox Approaches > B4  Economic Methodology B  History of Economic Thought, Methodology, and Heterodox Approaches > B4  Economic Methodology > B40  General B  History of Economic Thought, Methodology, and Heterodox Approaches > B5  Current Heterodox Approaches > B50  General B  History of Economic Thought, Methodology, and Heterodox Approaches > B5  Current Heterodox Approaches > B59  Other C  Mathematical and Quantitative Methods > C0  General C  Mathematical and Quantitative Methods > C0  General > C00  General C  Mathematical and Quantitative Methods > C0  General > C01  Econometrics C  Mathematical and Quantitative Methods > C0  General > C02  Mathematical Methods C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C19  Other C  Mathematical and Quantitative Methods > C5  Econometric Modeling C  Mathematical and Quantitative Methods > C5  Econometric Modeling > C50  General C  Mathematical and Quantitative Methods > C5  Econometric Modeling > C51  Model Construction and Estimation C  Mathematical and Quantitative Methods > C5  Econometric Modeling > C53  Forecasting and Prediction Methods; Simulation Methods D  Microeconomics > D0  General D  Microeconomics > D0  General > D01  Microeconomic Behavior: Underlying Principles D  Microeconomics > D0  General > D03  Behavioral Economics; Underlying Principles 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 > E13  Neoclassical E  Macroeconomics and Monetary Economics > E1  General Aggregative Models > E19  Other E  Macroeconomics and Monetary Economics > E3  Prices, Business Fluctuations, and Cycles E  Macroeconomics and Monetary Economics > E3  Prices, Business Fluctuations, and Cycles > E32  Business Fluctuations; Cycles P  Economic Systems > P1  Capitalist Systems P  Economic Systems > P1  Capitalist Systems > P10  General P  Economic Systems > P1  Capitalist Systems > P16  Political Economy Z  Other Special Topics > Z0  General Z  Other Special Topics > Z0  General > Z00  General 
Item ID:  44843 
Depositing User:  Scott Albers 
Date Deposited:  08. Mar 2013 04:32 
Last Modified:  14. Jul 2013 11:32 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/44843 