Okun's Law and Potential Output


Peters RW and A Petridis (1988)


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Peters RW and A Petridis (1988), ‘Potential Output and Okun’s Law for 
Australia since 1974 - Implications for Unemployment’, The University of 
Western Australia Department of Economics Discussion Paper 88.10. 
RBA (Reserve Bank of Australia) (2015), ‘Economic Outlook’, Statement on 
Monetary Policy, May, pp 63–69. 
Tulip P and S Wallace (2012), ‘Estimates of Uncertainty around the RBA’s 
Forecasts’, RBA Research Discussion Paper No 2012-07. 
Vetlov I, T Hlédik, M Jonsson, H Kucsera and M Pisani (2011), ‘Potential 
Output in DSGE Models’, ECB Working Paper No 1351. 
Watts M and W Mitchell (1991), ‘Alleged Instability of the Okun’s Law 
Relationship in Australia: An Empirical Analysis’, Applied Economics, 23(12), 
pp 1829–1838. 
White H (1980), ‘A Heteroskedasticity-Consistent Covariance Matrix Estimator 
and a Direct Test for Heteroskedasticity’, Econometrica, 48(4), pp 817–838. 



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