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单词 okun
释义

Okunn.

Brit. /ˈəʊk(ə)n/, U.S. /ˈoʊk(ə)n/
Origin: From a proper name. Etymon: proper name Okun.
Etymology: < the name of Arthur M. Okun (1928–80), U.S. economist.
Economics.
1. Okun's Law n. a rule which states that the degree to which actual productivity falls short of (or exceeds) long-term potential productivity is directly related to increased (or decreased) unemployment.
ΘΚΠ
society > trade and finance > management of money > management of national resources > [noun] > political economy > specific theories or doctrines
Ricardianism1827
protectionism1846
physiocracy1856
Smithianism1880
quantity theory1885
physiocratism1890
fiscalism1892
tariffism1903
cameralism1909
marginalism1912
rationalism1915
consumerism1921
Kondratieff1935
Keynesian economics1940
Keynesianism1942
Walras' law1942
Chicago school1949
Paretanism1949
neo-Keynesianism1961
Okun's Law1962
structuralism1962
monetarism1967
market fundamentalism1984
1962 Amer. Econ. Rev. 52 82 The only other systematic attempt to relate the gap between actual and potential output to the unemployment rate is Okun's Law..which states that the percentage excess of potential over actual output is 3.2 times the excess of the (conventional) unemployment rate over 4 per cent.
1976 New Yorker 16 Feb. 90/2 Okun's Law..asserts that growth in production must exceed some minimum value in order to keep unemployment from rising as labor productivity increases and the need for labor declines, relative to output.
1992 A. Leijonhufvud in A. Vercelli & N. Dimitri Macroeconomics ii. 33 Okun's Law is a result not of labour-hoarding, but of the increasing-returns technology in this system.
2. Okun gap n. (also Okun's gap) the difference between potential and actual productivity in an economy, esp. as a measure of economic efficiency.
ΚΠ
1975 Amer. Econ. Rev. 65 198/2 Excess labor supply and Y—Y*, the ‘Okun gap’, are linked.
1984 Jrnl. Money, Credit, & Banking 16 558 It takes many Harberger's triangles to fill one Okun's gap.
1998 Jrnl. Econ. Issues (Electronic ed.) 1 June The BSE proposal is a very cheap option compared to the Okun gap losses that are incurred daily due to unemployment.
3. Okun index n. (also Okun's index) = misery index n. at misery n. Compounds 2. rare.
ΚΠ
1986 U.S. News & World Rep. 8 Sept. 53/1 ‘There isn't a heck of a lot of misery as measured by Okun's index,’ says Edward Yardeni, chief economist for Prudential-Bache Securities.
2001 Applied Econ. (Nexis) 20 Feb. 407 The discomfort or misery-index.., originally developed by Okun and therefore also known as the Okun index.
This is a new entry (OED Third Edition, March 2004; most recently modified version published online March 2022).
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n.1962
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