This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …

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 …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …/asymmetric and that the outcome lies with the behavior of the labor flows in response to growth. The encompassing framework nests the …

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 …

unemployment rate in Australia. Okun's law also implies a rate of output growth consistent with stable unemployment, called the … growth of potential output. Our estimates of potential output growth are imprecise and fluctuate over time. A recent estimate …

unemployment that is in line with this empirical regularity and the findings for the other emerging markets and regional peers. We …-intensive growth in the wake of structural reforms before and during the global financial crisis and particularly the subsequent … European debt crisis. When investigating whether various expenditure components of GDP may cause different unemployment …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …/asymmetric and that the outcome lies with the behavior of the labor flows in response to growth. The encompassing framework nests the …

This paper studies the relationship between the change in the unemployment rate and output growth using an approach …/asymmetric and that the outcome lies with the behaviour of the labour flows in response to growth. The encompassing framework nests …

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 …

The impact of economic growth on unemployment is commonly agreed and extensively studied. However, how age and gender … apply Okun's law, aiming to estimate age-, gender- and educational attainment level-specific unemployment rate sensitivity … output change on the unemployment rate, supporting higher effects of recessions than that of expansions, we aim to enrich …