Candelon, Bertrand C.B.; Hecq, Alain W.J. - Institut de Recherche Économique et Sociale (IRES), … - 1998
In this paper, we question the stability of Okun's law, i.e. the empirical regularity that seems to hold between economic activity and unemployment. To this aim, we propose to build two complementary indicators of real rigidity, using the codependence methodology. The first one is a recursive...