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单词 misery index
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misery index
misery index n. Economics (originally and chiefly U.S.) an informal measure of the state of an economy obtained from the sum of the rate of inflation and the unemployment statistics, devised by American economist Arthur Okun (1928–80).
ΚΠ
1977 C. E. Mueller in Antitrust Law & Econ. Rev. 8 (title) Inflation and unemployment: the ‘misery’ index.
1992 K. Pilbeam Internat. Finance 342 We assume that the pay-off to each economy is measured by a ‘misery-index’—the misery index is simply the sum of an economy's inflation and unemployment rates... The aim of economic policy will be to minimise an economy's misery index.
extracted from miseryn.
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