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Okun's Law postulates a stable relationship between quarterly output growth and changes in (un)employment. This …
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The concept of the employment threshold plays an important role in the public discussion of unemployment. The …
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periods, the growth rate necessary to stabilize the unemployment rate equals 2.8 percent. Moreover, we find that the rate has …
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results when trend shifts in the Okun coefficients and changes in structural unemployment are allowed for. Particular caution …
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