misery index

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A measure of a country’s unhappiness, from economist Arthur Okun’s summation of unemployment rates and inflation rates, which assumes that higher unemployment and worsening inflation create socioeconomic costs that translate into misery

misery index

Global village A term for 'how bad things are' in a country; the lower the MI–eg, Denmark = MI of 1, the more content the populace. See Third world.
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When the Misery Index is high, people tend to vote against the incumbent party," said Ray Fair, an economics professor at Yale University, who built the econometric model to predict the outcome of presidential elections.
Although it's true that many nonprofits experience an ascent in demand for services when the misery index goes up, that's a perverse definition of opportunity, not the kind being discussed here.
The findings are significant because the misery index plays a central role in economic theories which are influential in the Treasury, and finance ministries across Europe and North America.
Economic conditions, as reflected by the misery index, are fairly consistent in their effects on contemporary and retrospective public approval of the president.
The year Lewent joined Merck, the Misery Index put Ronald Reagan in the White House.
If people don't have jobs, then all the cutting in the world will never balance the budget; it would only increase the misery index in our cities.
Senturia continued, "In the days of the Pharaoh, when the misery index rose above any normal level of tolerance, the Jews gave a collective sigh and then soldiered on.
We present an improvement on the Misery Index that quantifies the economic stress that households are feeling today.
GRAPH 1) The misery index (GRAPH 2) Consumer confidence in Massachusetts
s use of Reaganomics does not destroy the social fabric, raise the misery index and result in millions of homeless Germans, then the German political economy will show its American counterpart what true business acumen and patriotic compassion are all about - because Reaganomics brutalized American society.
1987) showed that when the misery index, defined as the sum of the inflation rate and unemployment rate, in (1):