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This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
This paper studies the relationship between the change in the unemployment rate and output growth using an approach based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric/asymmetric and that the outcome lies with the behavior of...
Persistent link: https://www.econbiz.de/10011940045
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
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/10012166007
. -- poverty ; income ; inequality ; infant mortality ; India ; economic reform ; state health expenditure ; panel data … health and survival. But equal rates of growth often deliver unequal rates of poverty reduction and absolute deprivation is … for education, fertility and state health expenditure, and eliminated once we introduce controls for omitted trends …
Persistent link: https://www.econbiz.de/10009312901
health and survival. But equal rates of growth often deliver unequal rates of poverty reduction and absolute deprivation is … for education, fertility and state health expenditure, and eliminated once we introduce controls for omitted trends …
Persistent link: https://www.econbiz.de/10013135179
While previous studies examine how the business cycle affects mortality in developed countries, less is known about … this relationship in developing countries. In this paper, we investigate whether the procyclical nature of mortality in … state-level data on mortality rates by age and cause of death, GDP per capita, and socioeconomic status. We find that for …
Persistent link: https://www.econbiz.de/10014203059
Persistent link: https://www.econbiz.de/10001772810
Persistent link: https://www.econbiz.de/10003965699
Europe aims at combining income growth with improvements in social cohesion as measured by income and health … growth and the income responsiveness of health. We investigate whether these conditions held in Europe in the nineties using … decompositions to demonstrate that (i) in all countries except Austria, the income elasticity of health is positive and increases …
Persistent link: https://www.econbiz.de/10012721467