constant unemployment rate, through the notion of Harrod's natural growth rate and Okun's Law. Kalman filter estimation allows … employment. First, estimates of Okun's Law indicate that the response of Philippine unemployment and visible underemployment to …

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 2014. Aggregate indicators show a link between output and …

recessions. The framework also highlights the potential misspecification in conventional models of Okun's Law unless stringent …

This paper proposes an empirical framework to estimate Okun's law which focuses on structural breaks and threshold … Okun's law in first differences, which allows for delayed reactions of the unemployment rate to output changes. Applied to … US data (1948Q1-2015Q4), the empirical analysis characterize Okun's law as a three-regime relationship with the first …

This study employs the autoregressive distributed lag (ARDL) bounds testing technique to examine whether Okun's law …

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 2014. Aggregate indicators show a link between output and …