commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment …-term estimate of Okun’s coefficient implying that the deviation in unemployment during the crisis resulted from a larger output gap … period utilized. Focusing more on short-term fluctuations, changes in unemployment are decomposed to identify the association …

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …