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Bad Breaks in Real GDP and Employment : Exploring the Persistence of Aggregate Demand Shocks in the United States

Hartman, Harrison C. - 2024

nonfarm payroll employment in the USA, the book emphasizes the role of aggregate demand shocks in causing the US economy to … AND BREAKS IN TREND: DOES HYSTERESIS IN EMPLOYMENT IMPLY HYSTERESIS IN THE GROWTH PATH OF REAL OUTPUT? -- CHAPTER 7 … demand on real GDP and employment levels in the long run. Hartman studies modern macroeconomic theories related to economic …

Persistent link: https://www.econbiz.de/10014544841

A high-resolution lead-lag analysis of US GDP, employment, and unemployment 1977-2021 : Okun's law and the puzzle of jobless recovery

Seip, Knut Lehre; Zhang, Dan - In: Economies : open access journal 10 (2022) 10, pp. 1-16

replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to … "jobless recovery" is that employment should not increase more rapidly than the real economy. …

Persistent link: https://www.econbiz.de/10013498938

Output growth and employment fluctuations

Hercowitz, Zvi; Sampson, Michael J. - 1987

Persistent link: https://www.econbiz.de/10000760618

Sectoral Okun's Law and Cross-Country Cyclical Differences

Goto, Eiji - 2020

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 different across countries. Specifically, we show that...

Persistent link: https://www.econbiz.de/10012841145