This paper constructs state level Misery Indexes, incorporating recent data on Regional Pricing Parities. As an application, it draws the Phillips curve derived from a panel of fifty states plus the District of Columbia in the years 2008-2011. A state level Misery Index will allow economists and the public to evaluate the overall macroeconomic picture of a regional economy, just as the Misery Index currently allows in the national and international context.
state, misery index, policy
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Murphy, Ryan, "A Short Empirical Note on State Misery Indexes" (2016). O'Neil Center for Global Markets and Freedom Research. 5.