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Persistent link: https://www.econbiz.de/10010389581
that a rise in labour productivity and a fall in output can increase unemployment. A 1 per cent reduction in the … unemployment rate requires only a 2.4 per cent increase in real output growth above the average growth rate, but during recessions … periods. Given that recessions are now less frequent, Okun's law continues to be a useful rule of thumb in Australia …
Persistent link: https://www.econbiz.de/10014131193
Persistent link: https://www.econbiz.de/10013254528
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 …
Persistent link: https://www.econbiz.de/10011817064
This paper examines the role of fiscal policies in the dynamics of the labor market. Through the lenses of Okun's Law, we assess how fiscal policy instruments as well as fiscal consolidation and expansion episodes affect labor market outcomes. Using a panel of 34 OECD countries over the period...
Persistent link: https://www.econbiz.de/10011308642
The unemployment rates, especially youth unemployment rates, increased in various countries of Europe over the last … years. This paper examines youth unemployment developments in Germany and Poland with Okun's law to test the hypothesis that …
Persistent link: https://www.econbiz.de/10011338113
The concept of the employment threshold plays an important role in the public discussion of unemployment. The …
Persistent link: https://www.econbiz.de/10009781535
periods, the growth rate necessary to stabilize the unemployment rate equals 2.8 percent. Moreover, we find that the rate has …
Persistent link: https://www.econbiz.de/10011720677
Unemployment rates, especially among youth, have increased in various countries of Europe over the last years. This … paper examines changes in youth unemployment in Germany and Poland with Okun's law, testing that young employees are more …
Persistent link: https://www.econbiz.de/10012025732
The unemployment rates, especially youth unemployment rates, increased in various countries of Europe over the last … years. This paper examines gender-specific youth unemployment developments in Germany and Poland with Okun's law to test the …
Persistent link: https://www.econbiz.de/10011755720