Andonova, Danica Unevska; Petrovska, Magdalena - In: Journal of Central Banking Theory and Practice 8 (2019) 1, pp. 183-207
Okun’s law is one of the most widely-known stylized facts in the macroeconomic literature and policy. In this paper we study several aspects of Okun’s law in Macedonia between 2004 and 2016. Aggregate indicators show a link between output and unemployment that is in line with other emerging...