Verfügbarkeit: Okun's Law :: THWS Bibkatalog

Okun's Law: Fit at 50?

This paper asks how well Okun's Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun's Law isa strong and stable relationship in most countries, one that did not change substantiallyduring the Great Recessi...

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1. Verfasser:	Ball, Laurence M. (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2013
Schriftenreihe:	IMF Working Papers Working Paper No. 13/10
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Zusammenfassung:	This paper asks how well Okun's Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun's Law isa strong and stable relationship in most countries, one that did not change substantiallyduring the Great Recession. Accounts of breakdowns in the Law, such as the emergence of"jobless recoveries," are flawed. We also find that the coefficient in the relationship-the effect of a one percent change in output on the unemployment rate-varies substantially across countries. This variation is partly explained by idiosyncratic features of national labormarkets, but it is not related to differences in employment protection legislation
Beschreibung:	1 Online-Ressource (40 p)
ISBN:	1475574266 9781475574265

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spelling	Ball, Laurence M. Verfasser aut Okun's Law Fit at 50? Ball, Laurence M Washington, D.C International Monetary Fund 2013 1 Online-Ressource (40 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/10 This paper asks how well Okun's Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun's Law isa strong and stable relationship in most countries, one that did not change substantiallyduring the Great Recession. Accounts of breakdowns in the Law, such as the emergence of"jobless recoveries," are flawed. We also find that the coefficient in the relationship-the effect of a one percent change in output on the unemployment rate-varies substantially across countries. This variation is partly explained by idiosyncratic features of national labormarkets, but it is not related to differences in employment protection legislation Online-Ausg Leigh, Daniel Sonstige oth Loungani, Prakash Sonstige oth http://elibrary.imf.org/view/IMF001/20206-9781475574265/20206-9781475574265/20206-9781475574265.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Ball, Laurence M. Okun's Law Fit at 50?
title	Okun's Law Fit at 50?
title_auth	Okun's Law Fit at 50?
title_exact_search	Okun's Law Fit at 50?
title_exact_search_txtP	Okun's Law Fit at 50?
title_full	Okun's Law Fit at 50? Ball, Laurence M
title_fullStr	Okun's Law Fit at 50? Ball, Laurence M
title_full_unstemmed	Okun's Law Fit at 50? Ball, Laurence M
title_short	Okun's Law
title_sort	okun s law fit at 50
title_sub	Fit at 50?
url	http://elibrary.imf.org/view/IMF001/20206-9781475574265/20206-9781475574265/20206-9781475574265.xml
work_keys_str_mv	AT balllaurencem okunslawfitat50 AT leighdaniel okunslawfitat50 AT lounganiprakash okunslawfitat50

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