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unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the …
Persistent link: https://www.econbiz.de/10014035504
made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
Persistent link: https://www.econbiz.de/10009774315
law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …
Persistent link: https://www.econbiz.de/10012040048
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10013320786
We propose a unique method of nowcasting and forecasting GDP growth based on a forward-looking measure of unemployment …
Persistent link: https://www.econbiz.de/10014506541
with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the …. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates … impact. To analyze how economic growth and labor market institutions have affected unemployment two types of models are …
Persistent link: https://www.econbiz.de/10013029525
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10001635464
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10011403854
The US economy grew reasonably fast during the last quarter of 2010, and the general expectation is that satisfactory growth will continue in 2011-12. The expansion may, indeed, continue into 2013. But with large deficits in both the government and foreign sectors, satisfactory growth in the...
Persistent link: https://www.econbiz.de/10013128529
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …
Persistent link: https://www.econbiz.de/10012841145