The Dynamic Correlation Between Growth and Unemployment

Fabien Tripier

Economics Bulletin, 2002, vol. 5, issue 4, 1-9

Abstract: We apply the measure of dynamic correlation developed by Croux, Forni and Reichlin (2001) [A measure of comovement for economic variables: theory and empirics. Review of Economics and Statistics 83, 232-241] to the relation between the quarterly rates of unemployment and labor productivity growth for the post-war United-States economy. The application of the dynamic correlation reveals that these variables are strongly related, but in a different manner according to the frequencies considered: negatively at low frequencies and positively at business cycle frequencies.

JEL-codes: C1 E3 (search for similar items in EconPapers)
Date: 2002-04-06
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Citations: View citations in EconPapers (12)

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