using a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

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 …

In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …