Attfield, Clifford L. F.; Silverstone, Brian - In: The Review of Economics and Statistics 79 (1997) 2, pp. 326-329
This paper reassesses a finding by Martin Prachowny (1993) that the value of the Okun coefficient for the United States (linking unemployment changes to output changes) is only around -0.67 rather than around the more typical value of -2.25. Using a cointegration framework, and the same data...