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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'.

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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.

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