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Output, unemployment and Okun's law: Some evidence from the G7

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Author Info
Malley, Jim
Molana, Hassan

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Abstract

An economy may move between [`]high-effort' and [`]low-effort' states. Our estimates of the threshold unemployment rate which separates these states are significantly positive for G7 countries; only German data exhibit tendency to being persistently in the high-effort state.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4SX3NRW-5/2/9cf7a4251ddc7024571c10ad0b2df564
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 101 (2008)
Issue (Month): 2 (November)
Pages: 113-115
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Handle: RePEc:eee:ecolet:v:101:y:2008:i:2:p:113-115

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Web page: http://www.elsevier.com/locate/ecolet

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Related research
Keywords: Okun's law Kalman filter;

Cited by:
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  1. C. L. Chua & G. C. Lim & Sarantis Tsiaplias, 2009. "A Latent Variable Approach to Forecasting the Unemployment Rate," Melbourne Institute Working Paper Series wp2009n19, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
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This page was last updated on 2009-12-12.


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