Misery Index

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Misery Index is an indicator created by Arthur Okun as a measure of economic dissatisfaction. For given period, it is built from the sum of unemployment and inflation and reflects the social cost of a nation, in other words manifest the impact of unemployment and rising prices in the welfare of individuals .

The monthly ISM report is published in Colombia at the Center for Research in Economics and Finance ( Cienfi ) , in order to publicize through economic control panels behavior of this index.

Objective

Present relevant information about the misery index's behavior in order to provide a tool that can help to monitor the socio-economic situation of Colombia and Cali, one of the country's capital cities.