Pereira, Rui M. - Department of Economics, College of William & Mary - 2013
The substantial increase in unemployment during the Great Recession, coupled with the possibility of a breakdown in …-linearities in Okun's law provide strong support for an understanding of deviations in Okun's law during the Great Recession as a … decades coupled with a weaker relationship between GDP growth and unemployment during expansions. In this respect, the Great …