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Persistent link: https://www.econbiz.de/10003065485
This study proposes a structural change with threshold approach to re-evaluate the empirical validity of Okun's law using data from Canada. Based on the Hodrick-Prescott and band-pass filtered data, we find strong support of structural change as well as threshold nonlinearity. This suggests that...
Persistent link: https://www.econbiz.de/10014062933