Misery Index & Definition - Alpha Architect
Misery Index Tool is a single statistical tool that explains a country's unemployment and inflation structure . Misery Index helps in measuring the impact of fluctuating economic conditions. The index was quite known in the year 1970 when the United States was experiencing high inflation rate. It is used to conduct the measurement level of the economic status. So, let's understand the misery index in detail and understand that how it can be beneficial to the masses? All about Misery Index The misery index was first introduced as a discomfort index in 1970 by the most popular economist Arthur Okun. He was a senior fellow at the Brookings Institution and a chairman of the Economic Advisory Council. The misery index was generally based on unemployment and the inflation rate. Therefore, the index value was directly proportional to the voter's misery. It was also used to give insights into the presidential approval rating of the election outcome. Therefore, the misery ...