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Using U.S. real-time data, we show that changes in the unemployment rate unexplained by Okun's Law have significant … a change in potential GDP, the equilibrium unemployment rate, or the use of labor's intensive margin. …
Persistent link: https://www.econbiz.de/10009723755
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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
This paper studies the relationship between the change in the unemployment rate and output growth using an approach …
Persistent link: https://www.econbiz.de/10012906935
This paper studies the relationship between the change in the unemployment rate and output growth using an approach …
Persistent link: https://www.econbiz.de/10012870857
In this paper, we analyse Okun's law - a relation between the change in the unemployment rate and GDP growth - using … fruitful. In terms of dynamic effects, a shock to GDP growth has robustly negative effects on the change in the unemployment …
Persistent link: https://www.econbiz.de/10012799537
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This paper aims to examine the Algerian economy by applying Okun's law to study the impact of real GDP on unemployment … significant impact of the GDP gap on unemployment rates. Though there was a decline in unemployment as GDP increased, the rise in … economies. The paper provides the real GDP's effect on unemployment rates in Algeria by releasing the gap version for Okun …
Persistent link: https://www.econbiz.de/10012666894
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