A Suggestion for a Simple Cross-Country Empirical Proxy for Trend Unemployment

We propose a proxy for trend unemployment derived from the cointegration property between unemployment rates and world oil prices. Evidence from a sample of OECD countries is presented to support the hypothesis. We argue that our empirical proxy is superior from an economic perspective to at least one popular alternative and may be especially useful in cross-country studies

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Year of publication:	1999
Authors:	Murchison, Stephen ; Siklos, Pierre L.
Publisher:	[S.l.] : SSRN
Subject:	OECD-Staaten \| OECD countries \| Arbeitslosigkeit \| Unemployment \| Natürliche Arbeitslosenquote \| Natural rate of unemployment \| Ölpreis \| Oil price

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Extent:	1 Online-Ressource (15 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 1998 erstellt
Other identifiers:	10.2139/ssrn.140737 [DOI]
Classification:	E58 - Central Banks and Their Policies ; C31 - Cross-Sectional Models; Spatial Models ; C32 - Time-Series Models ; C53 - Forecasting and Other Model Applications
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014207788