1 posts and columns on Arthur Okun

When the Misery Index Is Too Upbeat

in News on July 23, 2009 at 10:32 am PT

The Huffington Post has launched a new monthly feature it’s calling the “Real Misery Index,” which it says offers a more accurate snapshot of the economic struggles Americans face today than the original one. Developed in the 1970s by Arthur Okun, a Yale and Brookings Institution economist, the Misery Index is calculated by adding the unemployment rate and inflation rate.