Okun's Law and Potential Output

References 
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Law? An Assessment of Unemployment and Output Forecasts’, International 
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Ball L, D Leigh and P Loungani (2013), ‘Okun’s Law: Fit at 50?’, IMF Working 
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Ballantyne A, D De Voss and D Jacobs (2014), ‘Unemployment and Spare 
Capacity in the Labour Market’, RBA Bulletin, September, pp 7–20. 
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Potential Output?’, Federal Reserve Bank of St. Louis Review, 91(4), pp 187–213. 
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IMF Working Paper No WP/97/177. 
Dixon R and J Thomson (2000), ‘Okun’s Law and Movements over Time in the 
Unemployment Rate in Australia’, The University of Melbourne Department of 
Economics Research Paper No 741. 

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Fleischman CA and JM Roberts (2011), ‘From Many Series, One Cycle: 
Improved Estimates of the Business Cycle from a Multivariate Unobserved 
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