Foroni, Claudia; Furlanetto, Francesco - 2022
Despite its stability over time, as for any statistical relationship, Okun's law is subject to deviations that can be … positive deviation from Okun's law arises, it is likely to be generated by either positive labor supply or automation shocks or … using a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …