Barbara F. Okun

Barbara F. Okun is an influential American economist known for her work on unemployment and economic output. She's famous for formulating "Okun's Law," which illustrates the relationship between employment levels and a country's GDP. Specifically, it suggests that when unemployment falls, GDP tends to rise, and vice versa. This concept helps policymakers understand how labor markets and economic performance are linked, providing insight into the effects of economic policies on job creation and economic growth. Okun's contributions have significantly shaped economic theory and policy analysis.