Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the … relations between output and labor input across regions or across business cycles. Based on results by James D. Hamilton we … replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …

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 …

unemployment rate to movements in output growth increasing recently over time in both Canada and the United States. -- Business … fluctuations and cycles ; Labour markets …