unemployment, and negative growth forecasting errors in a panel of 30 countries from 1960 to 2012. Consistent with the "credit …

This paper asks how well Okun's Law fits short-run unemployment movements in the United States since 1948 and in twenty … the unemployment rate - varies substantially across countries. This variation is partly explained by idiosyncratic …

of key variables-potential GDP, the natural rate of unemployment, and the equilibrium real interest rate, need to solve a … them. Further, low-frequency movements of unemployment suggest a failure of the basic idea that departures from the …-frequency movements of unemployment. I conclude that monetary policymakers should not try to discern neutral values of real variables …

unemployment rate, to decreases (increases) in per capita real GDP and to decreases (increases) in the police force. The same … result is obtained between unemployment and property crime in annual state-level panel data. These results suggest that it …